Thursday, June 12, 2008

How much drilling in ANWAR saves you the gasoline consumer

Ok...I've got a busy day, but I wanted to highlight this finding from the Department of Energy. Drilling ANWAR will save 75 cents per barrel.

Not a big savings. Any mathematicians care to help me figure out how much out of pocket savings destroying a pristine wildlife refuge will save drivers per year?

So the drilling drives down the price per barrel by 75 cents. Each barrel produces approximately 19.6 gallons. The average car drives 12-15,000 miles a year and gets about 20 miles to the gallon around town.

How much would a driver save annually if we drilled in ANWAR?