discuss. the other is anwr to the east where there is a ban on any drilling at all. you support the ban. you have been there. why? well i guess i d offer three reasons that i think is unwise for us to move in this direction right now. number one, the fact is this is just a geologic and economic fact drilling in this area is not going to make an pressureable difference for our economy. the reason is, this represents less than half of 1% of the world s oil reserves. according to the energy studies have been done, even if they prove out, which remains a question, might have, might have an impact of maybe three cents a gallon of our cost of gasoline in the year 2028. so it is a minimal amount when you look at the word oil supply. the problem is, we ve only got 3% of the world s oil supply but we use 25% of the
drilling that s one area to discuss. the other is anwr to the east where there is a ban on any drilling at all. you support the ban. you have been there. why? well i guess i d offer three reasons that i think is unwise for us to move in this direction right now. number one, the fact is this is just a geologic and economic fact drilling in this area is not going to make an pressureable difference for our economy. the reason is, this represents less than half of 1% of the world s oil reserves. according to the energy studies have been done, even if they prove out, which remains a question, might have, might have an impact of maybe three cents a gallon of our cost of gasoline in the year 2028. so it is a minimal amount when you look at the word oil supply. the problem is, we ve only got 3% of the world s oil supply but we use 25% of the
this well had been burning nonstop for three years. they said the gas flame was so high, it could be seen 50 miles away. reporter: watch as the nuclear device detonates. a shock wave rattles the earth, moments later, the flame extinguishes and the well is finally sealed. the shock wave would initially melt the rock and then it would crush the rock and then it would compress the rock so it would be compressed completely shut. there really isn t any certainty that doing this kind of a detonation under the water and in this particular geologic situation would work. reporter: a nuclear option to plug the well is downright laughable says nathan holtman who has studied civilian nuclear power. there s questions about radiation leakage, damaged eco systems, questions about the impact of a shock wave. reporter: but because of where the nuclear device would be placed, he disputes concerns about radiation release or damage to wildlife.