Drillers' Fuzzy Math Misleads American Consumers
Oil from the Arctic Refuge would not even begin to affect the price of a gallon of gasoline for 20 years from the time the refuge is first drilled, and even then it would only lower gas prices by about a penny per gallon.
Now consider that with technology that exists today we could produce all new vehicles that get 40 miles per gallon within 10 years. This kind of mileage in the near future would save the average driver $2,200 over the lifetime of their vehicle.
One penny in twenty years and the loss of even more American wilderness, or $2,200 in ten years and an untouched refuge for polar bears, caribou and countless other creatures.
You do the math.
**UPDATE***
As reported in Congress Daily (May 2, 2006):"House Speaker Hastert after meeting with ExxonMobil CEO Rex Tillerson today said Congress should concentrate on opening the Arctic National Wildlife Refuge to drilling rather than the rebate."
The American people oppose this idea, they've rejected it time and time again - Congressional leaders need to stop meeting with oil-rich executives and commit to a plan that reduces our country's dependence on oil - not fuel it.
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