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Latest | Highest ratedThe Case for Not Drilling ANWR [View article]
You need to understand that if they started today it will take approximately ten years before the first drop of oil would run through the pipelines, so waiting ten years puts us behind by twenty years and our "friends" at OPEC know this. We can't afford to get to the point that we can't wait another ten years.
Second, if other energy sources are found then it contradicts just what you said about it being an appreciating asset. It will go down in value.
Third, the development of alternative energy is crushing the middle and lower classes and our economy. Soaring prices because of all of the development of corn for fuel is doing more to drive up the cost of everything we buy or use. People have no idea how this is driving up the price of everything we use. The sad part is my uncle that has been in alternative fuel development for years says at best the development of corn for fuel will eventually only be minimally less less costly than gas today
That is my say !