answersLogoWhite

0


Best Answer

Yes there would be a decrease in prices but this decrease would be less than $1 per a barrel. The OPEC nations could also neutralize this price decrease by cutting exports by an amount equal to that being produced in Alaska.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Will drilling for oil in the Alaskan wildlife refuge decrease oil prices?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much will drilling in the US cut down gas prices?

Drilling in the US will probably cut down prices 10-20%


What are some cons for offshore drilling?

Would despoil the Arctic National Wildlife Refuge and pollute our oceans and coastlines for a tiny percentage of our energy needs -- with almost zero impact on gas prices Would despoil the Arctic National Wildlife Refuge and pollute our oceans and coastlines for a tiny percentage of our energy needs -- with almost zero impact on gas prices Would despoil the Arctic National Wildlife Refuge and pollute our oceans and coastlines for a tiny percentage of our energy needs -- with almost zero impact on gas prices


What are the pros and cons of off-shore drilling?

Pros of offshore drilling are lower prices and increased domestic production. Cons of offshore drilling are carbon emissions and environmental hazards.


Why do the prices of gas get higher after a hurricane?

because of the off shore drilling in the gulf


Why crude oil prices falling?

Crude oil prices are falling because of oil shale drilling in the United States.


Souhtern Drilling and Cutting Company Qatar?

Southern Drilling & Cutting Company is a full service professional concrete sawing, drilling, and chemical anchoring contractor. Our goal is to provide the highest level of quality concrete cutting and drilling services at competitive prices. Website Link : southern-drilling


Will video cameras prices continue do decrease over time ?

I'm sure video camera prices will continue to decrease over time. The inventions of new, more convenient technologies have made cameras less "needed". Therefore the prices will decrease. :)


What are some recommended Alaskan fishing lodges?

There are plenty of lodges and resorts to stay at while you're on your Alaskan fishing adventure! Visit http://www.alaskafishing.com/ for a large selection and prices.


How did George W. Bush get gas prices lowered?

He allowed drilling and tapped the SPR.


When supplies are endless prices tend to .?

Decrease


Where can I find hotel prices for my Alaska Vacation?

You can find hotel prices for your Alaskan Vacation when you go to the websites of Alaskan Vacation Store, Expedia, Booking, or Booking Buddy. On these sites, you can find details of rates and amenities of these hotels and make a choice that best suits your needs.


Tightening of credit and a sharp decrease in farm prices led to what?

Yes, the tightening of credit and a sharp decrease in farm prices touched of the Panic of 1819.