Arctic Refuge Drilling and Gas Prices: Not a Solution, Now or Later

Thursday, May 8, 2008

Proponents of drilling in the Arctic National Wildlife Refuge opportunistically and incorrectly point to rising gasoline prices as a reason to drill for oil in one of America’s last wild places. If oil were discovered in commercial quantities, it would take 10 years before a single drop could be produced. Recent U.S. Energy Information Administration data indicates that in 2030, when oil discovered in the Arctic Refuge would be near peak production levels, the effect at the gas pump would be about two pennies per gallon.

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