The Corner

1/2 a million barrels, yes — 1 million, no?

I am confused: for years we were told that the projected 1 million barrels per day from ANWR would be simply too small to make much of a difference given our 20 million some barrel a day appetite — and therefore not worth the environmental risk. Now we wait in tense anticipation for a Saudi willingness to pump an extra 1/2 million per day (from where and how we apparently simply don’t care), which we hope will send a message that world supply and demand might be in better sync to cut the feet out from under speculators. So how can 500,000 barrels now do what a million once could not?


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