Government report questions value of ANWR crude

Thu, May 22, 2008
Posted in Alaska News, Top Stories

A federal government report out today raises questions about whether ANWR oil drilling would do much to lower crude oil prices in the future. The report from the US Energy Department’s Energy Information Administration says ANWR production would not have that big of an effect on crude oil prices. Under the mean production case, the price per barrel would only be reduced by 75 cents in 2025.

Joel Southern, APRN – Washington, DC