Page added on December 22, 2005
While the ANWR debate raged, government analysts predicted that higher oil prices in coming years could have a more significant impact on reducing reliance on foreign oil than opening the refuge. The United States this year has imported about 59 percent of the more than 20 million barrels of oil a day it has consumed, according to government data.
The new reports, from the Energy Department’s Energy Information Administration, increased the long-term forecasts for oil prices, which the agency says will lead to more domestic production, less consumption and thus fewer imports. The agency estimates oil imports will account for 60 percent of consumption in 2025, down from the previous projection of 68 percent.
http://www.washingtonpost.com/wp-dyn/content/article/2005/12/21/AR2005122102005.html
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