ANWR Oil Will Have Little Impact on Oil Prices
Apr 29th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsWhere is ANWAR? This is what thousands of investors are searching the internet for following President Bush’s attempt to persuade Americans that high oil prices are due to the fact that Congress has “repeatedly blocked environmentally safe exploration” there.
For those confused by Bush’s statements today, ANWR (the correct spelling) stands for Arctic National Wildlife Refuge. Bush claimed today that Congress’s refusal to open the reserve for exploration is a major contributor to sky-high oil prices.