Cider Press Hill

Lost the ANWR vote, finally

The Senate voted to drill for oil in the Arctic National Wildlife Refuge today. For a “proven” reserve—which actually means best guess estimate—of 10 billion barrels of oil. Which means roughly half of that will be easily accessible, another quarter will be much harder and more expensive to extract, and the remaining quarter may never be extracted unless there is a new cost efficient technology that can do it. That technology doesn’t exist yet, though. And since we consume roughly 20 million barrels of oil a day with our hunger growing at about 2% annually, that means the ANWR should give us a little less than a year’s worth of our current annual demand.

The Senators claim that THIS is going to reduce our dependence on foreign oil. Well, not for very long or probably that significantly. If there are 5-6 billion barrels of easily recoverable oil in the ground, it will trickle out in increments enough to help a little for a few years. It could possibly buy us some time while oil production around the world continues to decline or in the aftermath of another Katrina. It would be advisable for those in power to use the time ANWR oil buys us to spend capital on intensive alternative energy R&D in a big way. But, I won’t hold my breath for that kind of far-sighted policy.

It’s not a good thing for the pristine wildlife reserve to have oil exploration and extraction going on. It’s very sad to think we are so desperate for oil that we have to destroy such beautiful and valuable wild spaces and the lives that depend on it.

Some stunning photographs of what we’re about to despoil, if anyone is interested.... Subhankar Banerjee is the photographer and his ANWR photographs are so beautiful. (photographs link via The Oil Drum)

Posted on 11/04/05 at 12:43 AM
 




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