Conservation is a better means to reducing U.S. dependence on foreign oil than drilling in the Arctic National Wildlife Refuge. That’s the message of a report commissioned by the Alaska Wilderness League and the Northern Alaska Environmental Center. Report author, oil industry analyst Richard Fineberg of Fairbanks, cites federal Energy Information Service forecast numbers which predict U.S. foreign oil imports declining by 46. 9 billion barrels through 2030.
Fineberg says the power of conservation is being underestimated amidst a pro-drilling frenzy brought on by high oil prices.
Fineberg cites federal Energy Information Service data that shows U.S. oil imports have declined from 12.9 million barrels per day in 2005 to 9 million a day at present.
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