We know that the US experienced and energy crisis in the 70″s with the OPEC countries impacting our supply. We’re used to thinking about the supply end of the energy market, but not of powerful purchasers, like India and China. China has been entering into purchasing arrangements around the world that will give it long-term access to energy supplies.
We are entering a new phase here we are not the dominant purchasers in the world market. With that, the need for domestic energy supplies is more important. We saw this when the hurricanes came though earlier this year. About a million barrels a day were not available as a result. This is about what ANWR would be able to add to our overall national supply.
For the long term, the country needs to look at where we can develop energy supplies. ANWR makes sense for several perspectives:
— Our largest on shore untapped source of oil
–It’s place where we can explore and produce energy with the least impact on the environment. Environmentalists aren’t proposing other locations.
— The US will not ratchet down its oil usage, it will get its oil from somewhere else, places where the energy is not being produced with the same strict environmental requirements that are present in ANWR.
— The Secretary has been to ANWR, took a plane with skis, landed on the snow. The cold is “incredible”. She was there (for first time) at the end of MArch — wind chill of -75 F. In those conditions, there are self-contained places where people work. You can use ice roads. In the spring, they melt away, leaving the tundra intact. (drilling will only occur during the winter months.)
The technology would allow, (e.g., if the well had to be at the U.S. Capital it could reach anywhere in the District of Columbia), us to recover oil in a 4-5 mile radiance.
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