Ok here's a crazy ?

Question

what if Anwr and National Petroleum Reserve where both opened? Tomorrow Morning. Everything in the northern part of Alaska was opened for exploration? I already know that it would take some time getting rigs drilling but what if? What affect would it have on oil prices?

Answer 1

i don't think it would have any immediate impact on prices. pricing appears to be dependent on supply and demand but lately fear, speculation and greed have gotten into the equation.

supply from anwr would be unproven for many years.