The official Peak Oil thread (or why oil prices keep going up) (user search)
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  The official Peak Oil thread (or why oil prices keep going up) (search mode)
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Author Topic: The official Peak Oil thread (or why oil prices keep going up)  (Read 1661 times)
Frodo
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Posts: 24,742
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« on: April 21, 2005, 03:58:02 AM »

this seems the most appropriate place to post this:

House passes energy bill that allows ANWR drilling

By H. Josef Hebert
The Associated Press

WASHINGTON — The House voted late yesterday to allow oil drilling in an Alaska wildlife refuge as part of a broad energy bill that Democrats said would funnel billions of dollars to highly profitable energy companies while doing little to promote conservation or ease gasoline prices.

The bill's sponsors said oil from Alaska's Arctic National Wildlife Refuge, as much as a million barrels a day, will be needed to help curtail the country's growing dependence on oil imports. Opponents argued the oil wouldn't be available for a decade and even then at levels that would not significantly affect oil prices or imports.

The bill also calls for $8.1 billion in tax breaks over 10 years, most of it going to promote the coal, nuclear, oil and natural-gas industries.

http://seattletimes.nwsource.com/html/nationworld/2002247991_energy21.html
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