Good News! Drilling ANWR would save $0.02 per gallon, 10 years from now!
Just when you thought there would never be any good news about the economy, oil, or anything along comes this. McClatchey reports that a new report commissioned by Ted (“the internet is a series of tubes“) Stevens (R, Alaska) finds that drilling the Arctic National Wildlife Refuge in Alaska would, in ten years, bring the price of a barrel of oil down by $0.75. Wow. At today’s prices ($135 per barrel and $4 per gallon) that gives us a 2-cent reduction in prices at the pump. In ten years. Seems well worth it to me (in opposite-world; for fans of Superman, that’s Bizarro World [thanks Bob!]).