- Apr 2017
This article claims that it would take several decades to extract the oil in the ANWR, where at its peak in 2025 would account for 3% of domestic oil consumption. The benefit of drilling in the ANWR would be to sell the oil for a total of ~$613 billion, which experts claim this number could dramatically increase. Kotchen and Burger argue that the profit could be used for funding for renewable energy technology, but also acknowledge the fact that to allow this drilling would just satisfy our addiction to oil. This provides a non-environmentalist perspective on the benefits of drilling in the ANWR.
Kotchen, Matt J., and Nicolas Burger. "Oil and the Arctic National Wildlife Refuge." Resources for the Future, October 6, 2008. Accessed March 23, 2017. http://www.rff.org/blog/2008/oil-and-arctic-national-wildlife-refuge