First of all, I hope everybody had a great X-mas!
Now that X-mas is over, Santas reindeer (or caribou) can return to the Northern slope, Alaska, to graze amidst the cottonflowers at 70 degres latitude. That is, only close to the Arctic ocean, as the final stretch is completely owned by the Oil companies. But even that is not enough, as political (financial) pressure is put on lawmakers to lift the ban on drilling in the last remaining untouched wildlife refuge, the ANWR (Arctic National Wildlife Refuge).
Before you agree with this as you are tired of paying ‘high’ (about a quarter of European!) prices for your SUV, please realize 2 things:
– Even Bush’s own staff has admitted that the drop in price will be about 1ct per gallon, which might happen after a decade.
– Oil companies are (at least in the Western world) commercial companies. Demand creates supply and all big conpanies (misspelling intentional) are so globally spread, they do not care where they drill the oil, whether it is Russia, Alaska or Iraq. Besides, the OPEC will price the oil. (see also this link
Drilling in Alaska won’t help any US citizen, unless they have a job at the companies, are a bribed (they prefer the term ‘lobbied’) politician, or a shareholder…