A Short and Simple Economic Critique of the Case for Drilling in ANWR
Since the election of Barack Obama as president, the debate over offshore drilling for oil, in particular Alaska's ANWR coastal plain with its large reserves, had been quiet. Then, in March 2010, Obama surprised both supporters and detractors by proposing a plan to approve offshore drilling. The Obama proposal is still a cautious one, but this author argues that demands for more drilling could accelerate. He makes clear that drilling in ANWR would not have significantly lowered U. S. oil prices or imports nor will it in the future.
Volume (Year): 53 (2010)
Issue (Month): 3 (May)
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