A Trillion-Dollar boost to our struggling Economy- ANWR
At a world oil price above $100 per barrel, the mean expectation for the federal and non-federal ANWR oil reserves is a gross cumulative market value of more than $1 trillion-some experts say $1.5 to $2 Trillion.
It might cost $20 to $30 per barrel to produce the ANWR oil, but the net revenues (after costs) would still be greater than $700 billion (and could turn out to be much higher, depending on the future price of oil). To put this in perspective, the United States could have paid for the entire Iraq war to date with the future oil revenues obtainable from ANWR. Or the U.S. could pay for the entire Defense Department budget for one year.
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