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Friday, Mar 15, 2002

ANWiRed

"About ANWR: The Times recently had an eye-opening article confirming something I had been hearing myself, that oil companies are not behind the push for drilling there � indeed, they are notably unexcited by the prospect. Studies by the U.S. Geological Survey suggest why: Arctic oil is so expensive to get at that it's barely worth extracting at current market prices. For energy companies it's the rest of the Bush energy plan, which would give them about $35 billion in tax breaks and subsidies, that really matters."