ANWR not all that?

ConocoPhillips stops lobbying for ANWR oil development.

A ConocoPhillips spokeswoman said the company recently chose not to renew its membership in the Arctic Power lobbying group. It has instead decided to focus attention on development of a massive gas pipeline in Alaska and on other fields in the North Slope

Could it be that it’s simply not worth the effort at this time?

A report from the United States Geological Survey estimates that potential ANWR oil supplies range from 15.6 billion to 42.3 billion barrels. But the agency also said it believes only 37 percent of these resources are “technically recoverable,” leaving only 10.4 billion barrels, or 1.4 million barrels a day, that could “technically” be brought out of the ground. The daily figure represents about 7 percent of what the United States now burns each day.

[source article]