Drilling for oil in Alaska's Arctic National Wildlife Refuge would, at most, lower the cost of a barrel of crude oil by 50 cents in 2025, a drop in the bucket compared to the $90 increase in the price of a barrel of oil during Bush's presidency. Suspending the 18-cent federal gasoline tax over the summer would, at most, cover the cost of a half-tank of gas. more »
SourceAP. Study: ANWR oil would have little impact. MSNBC. March 16, 2004. http://www.msnbc.msn.com/id/4542853/. American Association of State Highway and Transportation Officials . American Association of State Highway and Transportation Officials News. American Association of State Highway and Transportation Officials. May 8, 2008. http://news.transportation.org/press_release.aspx?Action=ViewNews&NewsID=172. Center for American Progress Action Fund. McCain Plan to Cut Oil Company Taxes by Nearly $4B. Center for American Progress Action Fund. March 27, 2008. http://www.americanprogressaction.org/issues/2008/pdf/oil_tax.pdf.
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