Wednesday, November 02, 2005

Politics News Article |

The Senate Energy Committee voted to lease ANWR's coastal plain for 2.4 billion dollars. The money is not huge in terms of the total budget but the 10 billion barrels of oil will help prices for all Americans.

The area to be leased is less than 10% of the reserve. It has been silly for our country not to use this oil which is currently valued at more than half a trillion dollars. Half a trillion here, half a trillion there and sooner or later it adds up to real money (in memory of Everett).