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Economics Environment

[321] Of oil price and ANWR

I’ve just realized one thing.

With the rising oil price, the pressure to drill the Arctic National Wildlife Refuge (ANWR) may be too great to resist. The last time the proposal to drill ANWR came up, the green won. If thing doesn’t change for the better, that victory might be short-lived.

At the same time, this could be what the green needs; something to justify the push toward renewable energy.

Drilling the ANWR might be the short run answer. It has been reported that the oil reserve under the ANWR could only supply the US merely six months worth of fuel.

Renewable energy is the long term solution. Considering solar power, it takes several more billion years for the Sun to die.

Being myopic, the oil industry lobbists would probally reignite the war for ANWR.

Let’s pray for the November election to come first (and of course, hope it’s Kerry) before the grey gets their act together and pushes for the proposal all over again.

By Hafiz Noor Shams

For more about me, please read this.

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