No. of Recommendations: 0
<<Hey, we might find a good use for that oil someday. Drill it today, and all we will do is snort if up our tailpipe.
--Alan
>>



That's a reasonable thing to suggest, in my view, but it wont work.

Production on the Alaska North Slope fields are in decline, and at a certain point the Alaska pipeline will have to be shut down and removed or abandonned. If that happens, the enormous and strategically valuable American oil production that could be gained from developing ANWR and perhaps other oil fields will be lost forever.

Use it or lose it.

I'm always amused by environmentalists who piously proclaim that they don't want the United States "help hostage" to middle east oil, but then want to refuse to devlope oil in the United States. It's quite clear that they are being dishonest in making such claims.



Seattle Pioneer
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement