If oil hits $120/barrel will drilling in the Arctic National Wildlife Refuge (ANWR) be allowed?

I was talking to a guy recently and he said their was this little known law which allowed drilling in ANWR if oil hit $120, but I have been unable to find anything about this on the net. Anybody have any information on this?If oil hits $120/barrel will drilling in the Arctic National Wildlife Refuge (ANWR) be allowed?
That's bullshit. No such law exists. In any case, the idea of drilling in ANWR for any reason is dumb. Developing those oil resources would take at least ten to fifteen years before they contribute even a teaspoon of oil output, by which time the price of oil will be astronomically higher if we're still using it. We need to back off our consumption; it is the only economically viable solution.





EDIT: In reply to the below, my apologies, I was quoting from memory. However, this actual USGS study on the subject estimates seven to twelve years for first productivity, which puts the true figure somewhere between both our numbers.





At any rate, seven years to FIRST productivity does not imply ';significant output'; within seven years. In addition, whether or not some of the equipment is in place (meaning ';in Alaska';, I take it), no exploration has been done yet, meaning no meaningful infrastructure exists.





http://www.eia.doe.gov/pub/oil_gas/petro鈥?/a>If oil hits $120/barrel will drilling in the Arctic National Wildlife Refuge (ANWR) be allowed?
There is no law that automatically permits the drilling in ANWR as far as I know. However, the above poster is wrong in saying that it would take 10-15 years. We could realistically expect significant production levels within 5 years. All of the equipment is already in place.

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