[Texasforever]

The rest of the world would not lose their oil because the rest of the world is kissing the butts of assorted ME dictatorships. This fear of losing oil supply is a red herring, we can make that up from many sources including Mexico and Russia and even here in Texas, Oklahoma, Louisiana, Alaska and other states that have capped their wells. Domestic oil has been kept in the ground for just such an emergency. If you are going to make a case then do it without throwing up straw men.

[nunya bidness]

This fear of losing oil supply is a red herring, we can make that up from many sources including Mexico and Russia and even here in Texas, Oklahoma, Louisiana, Alaska and other states that have capped their wells.Domestic oil has been kept in the ground for just such an emergency.

Do you have a source? While I'm not positive that we may not have domestic wells capped, what I have read indicates that our policy with OPEC and specifically Saudi is based more on extracting as much oil from fields that we paid to develop. Which certainly makes sense.

Get as much out of sunk cost and hold domestic sources for an emergency. However, the exploration and development costs of ANWR would be extremely high in comparison to sources currently available.

No?