The report the on impact of drilling in the Arctic National Wildlife Refuge requested by Sen. Ted Stevens, R-Alaska, concluded that drilling “is not projected to have a large impact on world oil prices.” The report, prepared by the Energy Information Administration, of the Department of Energy projected that it would probably drop the price of oil by 75 cents a barrel. If drilling were allowed the report estimated the oil would be available in 10 years.

Source: Mcclatchey News Service