Monday, December 8, 2008

ANWR -- Trillion-dollar Arctic cathedral



Barack Obama promised change. Here is a good prospect. Few areas of public debate have been as stale - as barren of substance, focused instead on powerful emotional symbols - as the oil development of the Arctic National Wildlife Refuge (ANWR) in northeast Alaska.

For the environmental movement, ANWR development long ago became a sacred cause that served above all as a litmus test of whether "you are with us or against us." It is time to move past all that.

The real issue in ANWR is the proper use of the fiscal assets of the U.S. government. The oil there is worth potentially $1 trillion dollars or more. With the current dire economic situation the United States can no longer afford to leave this immensely valuable economic asset to simply sit idle...

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