“We think there is almost no rationale for Arctic exploration. Immensely complex, expensive projects like the Arctic we think can move too high on the cost curve to be economically doable.”
"In October, a Center for American Progress analysis found that offering oil and gas leases in ANWR is likely to yield no more than $37.5 million in revenue for the U.S. Treasury over the next 10 years: short of the $1 billion to $1.8 billion that drilling proponents claim could be raised.
And then we come to the oil price. According to financial analysts who follow the energy industry, the average oil price at which drilling projects in the Arctic can break even is in the high seventies per barrel, much higher than the current average oil price of $57 per barrel."