Reality of the Oil Economy? 
In the President's state of the union address he sets the goal of reducing oil imports from the middle east to 25% of what (I am assuming) are our current import levels. Yet even Edward Murphy, the Refining Director of the American Petroleum Institute, admits that only 20% of our supplies come from the middle east; our largest supplier being Canada.
Oil and gasoline prices in the rising nations of India and China are very high due to insufficient domestic supplies and the increasing cost of transportation from elsewhere in Europe and Asia. My concern is whether the idea of drilling in ANWR (which is pretty far away from mainland US) will benefit the US or prove more profitable should the oil be sold across the Pacific. It boils down to a contrast in transportation costs between Alaska and the mainland US and India or China. Before I even consider this Idea I need to see a cost-benefit analysis in regards to where this oil will actually go.
KEYWORDS: Oil, ANWR
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