Arctic Refuge

Republicans expanding their drill base, at least to other Republicans

While Dick Cheney’s busy cheerleading for increased domestic drilling from the White House, House Republicans have been cooking up yet another bill to open up the Arctic National Wildlife Refuge (ANWR) to drilling. The bill, which they’re calling the “American Energy Independence and Price Reduction Act,” would “direct the Secretary of the Interior to establish […]

Drilling in ANWR still isn’t the solution to high gas prices

George Will is at it again. His latest bit of inane demagoguery can be found here, in which he excoriates everyone who has ever opposed drilling in the Arctic National Wildlife Refuge:

Also disqualified from complaining [about oil prices] are all voters who sent to Washington senators and representatives who have voted to keep ANWR's oil in the ground and who voted to put 85 percent of America's offshore territory off-limits to drilling.

Naturally, Will ignores the flip side of the coin. What about people who have opposed investing in renewable energy, increasing fuel efficiency standards for cars, or encouraging conservation a decade ago? Those people have done far more long-term damage. If we'd begun to work on the oil problem ten years ago, we would be in much, much better shape than we are today.

But is drill, drill, drill a solution? Will writes:

Opening ANWR cuts gas prices $0.02 in 2025

In the climate and energy debate, conservatives continue to argue that the only solution to high gasoline prices is drill, drill, drill, especially in the Arctic National Wildlife Refuge. This argument is false, false, false.

The Administration's own Energy Information Administration found differently in a 2004 Congressionally-requested "Analysis of Oil and Gas Production in ANWR" (see "Note to Bush, media: Opening ANWR cuts gas prices one cent in 2025"). I pointed out then that the 2004 analysis was based on low oil prices, and that higher oil prices would raise the savings.

A May 2008 re-analysis [PDF] by EIA, "Analysis of Crude Oil Production in the Arctic National Wildlife Refuge," in fact found this:

ExxonMobil’s profits huge; shares fall anyway

You know we're living in strange and perverse times when ExxonMobil can post a $10.9 billion quarterly profit and still fall short of expectations. This past quarter marked the second most profitable quarter ever for the most profitable company in the history of the world -- a 17 percent increase in year-on profits. And like its competitors at BP and Royal Dutch Shell, Exxon managed to increase its profits despite no increase in production. (Funny what happens when the price of oil literally doubles.) Nevertheless, Wall Street was disappointed and the company's shares fell sharply in early trading yesterday.

Note to Bush, media: Opening ANWR cuts gas prices one cent in 2025

Bush blames Congress' failure to open the Arctic National Wildlife Refuge for high gasoline prices. The administration's own Energy Information Administration found otherwise in a 2004 Congressional-requested "Analysis of Oil and Gas Production in ANWR" (PDF):

It is expected that the price impact of ANWR coastal plain production might reduce world oil prices by as much as 30 to 50 cents per barrel [in 2025].

Don't spend it all in one place, American public! (Note to Bush: There are 42 gallons in a barrel.) EIA continues:

Assuming that world oil markets continue to work as they do today, the Organization of Petroleum Exporting Countries could countermand any potential price impact of ANWR coastal plain production by reducing its exports by an equal amount.

Curses, foiled again!

Bush’s energy/food strategy unsurprisingly underwhelming

Bush had a press conference yesterday morning to blame Congress for soaring energy and food prices: "Unfortunately, on many of these issues, all [Americans] are getting is delay."

What does non-delayer Bush propose? Well, of course, new technology -- what else is new old? Heck, he even said the long-term answer was hydrogen. (Not!)

Oh, but he did offer some "short-term" solutions. His answer to rising electricity prices: Nukes!

Bush, Big Oil offer more of the same

Yesterday, David noted comments by an oil analyst who predicted $200 oil by 2012.

Today, that analyst was joined in his prediction by none other than the chief of OPEC, Chakib Khelil (who's also Algeria's energy minister). Mr. Khelil's comments were not date-specific, though this article leads me to believe he was thinking $200 oil could come much sooner than 2012.

Meanwhile, we saw more of the same from both President Bush and Big Oil.

Notable quotable

"… there are a number of pieces of legislation where [McCain’s] views are out of the mainstream, at least in my view, of conservative Republican thought. So, for instance, he’s opposed to drilling in ANWR, I believe. … … And then now McCain-Lieberman, which is a unilateral — meaning U.S.-only imposed — cap-and-trade program, which […]

Sarah James, Gwich’in activist and environmental prizewinner, answers questions

Sarah James. What work do you do? I am the board chairperson for the Gwich’in Steering Committee. I work as I live the life. And I am open to opportunities to tell my story in order to protect the calving and nursery grounds of the Porcupine caribou herd. What does your organization do? The Gwich’in […]