Regarding ANWR, I just heard on the news this morning that some of the prime spots to drill are only 70 or so miles from the Alaskan pipe line. So, the estimate of 10 years to see production is nonsense, and even five years borders on outlandishly conservative.
Pelosi's double-speak (releasing Strat reserves will help but increasing domestic production will not) is so rediculous I can't believe SHE believes people can't see it. And if the past is any indication, IF Congress lifts their ban on off-shore drilling, we'll see an almost immediate drop in the price of a barrel, just as we did when Bush lifted his. If ANWR were opened up as well, it would further deflate the price. The speculation bubble is ripe to put a pin in it.