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Drilling in Alaska Analysis.

Publication: Finance Wire

Publication Date: 27-SEP-05
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COPYRIGHT 2005 Voxant Inc.

Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW

MARIA BARTIROMO, CNBC ANCHOR: For environmentalists, drilling in the Arctic National Wildlife Refuge is a no go. Our next "Hot Topic" tonight, drilling in Alaska. Supporters are pushing even harder to open up that area now after disruptions to U.S. oil flow following the recent hurricanes. But will the benefits outweigh the costs to the environment? Joining me from Washington to talk about it, Melinda Pierce, chief Arctic lobbyist for the Sierra Club, and Republican Congressman Devin Nunes of California.

Nice to have you both with us.

MELINDA PIERCE, CHIEF ARCTIC LOBBYIST, SIERRA CLUB: Good to be here.

BARTIROMO: Representative, let me begin with you. How do we know there`s such rich oil in ANWAR if we haven`t even drilled there yet?

REP. DEVIN NUNES (R), CALIFORNIA: Well, that`s obviously been researched many years. And I think the No. 1 thing to point out is that had we had ANWAR open in 1995, at the time it passed the House and the Senate, we would have oil today, except President Clinton then vetoed...

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