Oil Prices And The Alaska Pipeline

Okay, for those of you who think that drilling for oil in ANWR would make a huge difference in national security and world oil market power dynamics, notice that the pipeline has been down for two days because of an earthquake, BP’s Alaskan oil production is halted because of the earthquake (and they’re one of the big kahunas up there), and world oil prices have fallen over the past two days. Yes, Alaska’s a good thing to have, but it’s a drop in the bathtub, and an expensive drop in the bathtub at that.