The Six Cent Solution or The Facts About ANWR

Recently their have been a lot of calls from Republican politicians to open up ANWR for drilling in order to lower gas prices. Having done my homework on this issue I believe that those that are doing so are either ignorant of the facts or have an ulterior motive that has almost nothing to do with lowering gas prices.

ANWR is estimated to be able to produce two million barrels of oil a day. Since America uses about 20 million barrels a day thats a pretty impressive amount. The problem is that that the Alaskan pipeline can only transport 2.1 million barrels a day and its already moving an average of 650k barrels a day which means its remaining capacity for carrying oil produced from drilling at ANWR would be 1,450,000 barrels on average. Thats still a good bit. However the additional problem is that since crude oil's price is set by a world wide market that currently consumes roughly 90 million barrels a day. So even if all of ANWR's oil is used only by Americans (say through a clause in the drilling rights lease) then it would only offset an equivalent amount of imported oil (a good thing) however it would only represent a 1.6 percent increase in global supply thereby resulting in an equal price drop. With gas currently at four dollars a gallon that would only equal a 6.4 cent per gallon decrease in prices at best1.

Don't get me wrong. The one real benefit of drilling in ANWR would be significantly decreasing the amount of foreign oil we consume thereby decreasing the amount of money we pay to oil producing nations that support terrorism. That alone makes it an idea worth discussing. But any politician that tells you that drilling in ANWR is a real solution to lowering gas prices either doesn't have their facts straight or are beholden to certain campaign contributers. (You can find out which here)

*Update*
The DOE thinks that drilling ANWR would have even less of an effect than I predicted. Net savings? Seventy five cents a barrel.

Thanks to The Moderate Voice, EconoPundit, SUV Mama, The Glittering Eye, Newshoggers, Right Wing News, The Q and O Blog, WeOpEd, and Memeorandum for linking to this post.

1: Sentence edited for clarity

World Bank to Save the Tigers?

Isn't this a bit outside of their mission?

From Reuters UK:

A World Bank report warned that "if current trends persist, tigers are likely to be the first species of large predator to vanish in historic times."

"Just as with many other challenges of sustainability, such as climate change, pandemic disease, or poverty, the crisis facing tigers overwhelms local capabilities and it is one that transcends local borders," Zoellick said.

"This is a problem that cannot be handled by individual nations alone, it requires an alliance of strong local commitment backed by deep international support," he added.

Zoellick said the World Bank would convene a series of discussions with countries, conservationists and the private sector to mobilize funding for tiger conservation, and launch studies on how better to protect the cats.

The World Bank chief said there were examples of where tigers had been brought back from the brink of extinction, such as in Russia and Nepal, but added that saving the world tiger population would not be an easy task.

"All those concerned may not agree but this does not mean we should stand on the sidelines and do nothing," he said.

Personally this seems like an effort outside of the World Banks expertise. Don't get me wrong, seeing tigers become extinct would be a travesty. But is the world bank the best organization to spearhead the charge for their recovery? I'd rather see the World Bank give a grant to the World Wildlife Fund rather than try to do it themselves. After all the WWF has a lot of experience in this area. I do however their efforts pay off. After all a world with tigers is cooler than a world without.

May 15th Gas Boycott Doomed

The last time I talked to my mom she asked me to blog about this and I neither agreed or argued because I knew that a one day boycott is as useless as disagreeing with mom.

From MSNBC courtesy of The Rite Wing Technopagan (God luv 'em)

"The real problem with this idea is that — as some versions of this e-mail helpfully suggest —these "boycotters" simply top off their tanks May 14 or wait to fill them up May 16. All that does is shift sales from one day to another. Any money “lost” from lower gasoline sales on May 15 will be made up with higher sales on the days before and after the “boycott.”"

The only way to affect gas prices is to reduce consumption. As this has a side effect of reducing funds to countries that support terrorism and improving air quality it's an effort that is highly worthwhile.

Since the coffee is still brewing I'm just going to copy and paste a post I made elsewhere on how to reduce gas consumption painlessly:

gasbuddy.com tracks prices all over America on a station by station basis. They have websites for most major cities
(insert city name)gasprices.com so for me its sanantoniogasprices.com

Also make sure your tires are properly inflated normally thats 35 on the little meter thingy for most cars and light trucks. Under inflated tires can cost ya 2 mpg.

Remove any dead bodies from your trunk, move that dashboard altar inside, and limit yourself to 1 gun and 2 magazines per car. 100 pounds = 1 mpg

Time for that tune up and/or oil change that you've been putting off = up to 5 mpg (if you're bad about maintenance, request platinum plugs, they last for 3 years)

Other maintenance Air Filter (you CAN do this yourself in 5 minutes), PVC valve (costs 5$ and is as easy to change as an air filter), Fuel filter (these suckers vary wildly in price and ease of installation ask your mechanic about it when you get your tune up)

And ya may wanna run a gas treatment through your car next fill up.

Sam's Club and Costco have the cheapest gas in town if you already have a membership. But don't go buying a 35 to 50$ membership just to save a dime per gallon on gas. However if you start buying you're gas, potty paper, trash bags, water filters, pet food, laundry detergent and Vaseline there you'll save money in the long run. (Note: Costco is usually cheaper than Sam's. Costco caps its profit margin at 20% Sam's doesn't AND Costco's often have liquor stores in them.)

Plus in the event we are ever besieged by Zombies having to pull over to forage for gas as little as possible becomes really important.