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Opening oil fields in Alaska would decrease U.S. dependency on petroleum imports from the Middle East and Latin America, boost the revenue of American oil companies, would create many American jobs, would lower the price of oil for American oil consumers, would increase federal, state, and local tax revenues, and lower our trade deficit. Alaska's Northern Slope may hold large quantities of oil, but it is impossible to say for sure because exploration is banned by the ANWR. There may also may be large quantities of petroleum reserves in other parts of Alaska. Guesses as the extent of therichness of the oil reserves in Alaska are varied. According to three government studies since 1980, anywhere from 1.69 to 14.77 billion barrels of recoverable oil may be located at the protected ANWR.(3)
ALASKA OIL DRILLING