A C# .Net and PHP developer, a student of the Austrian school of economics, and libertarianism.
By Alex Doran
Published on 07/28/2008
There are many strong arguments for opening up ANWR but here is the
strongest: because of its impact on oil prices in the future, relaxing
federal prohibitions would cause current oil producers to change their
pumping decisions right now. Even though the additional barrels from
ANWR wouldn't physically hit the market for years, current knowledge of
this fact will alter current behavior, leading to rapid relief at the
pump.