Paul Krugman:

‘The real reason conservatives want to drill in ANWR is the same reason they want to keep snowmobiles roaring through Yellowstone: sheer symbolism. Forcing rangers to wear respirators won’t make much difference to snowmobile sales — but it makes the tree-huggers furious, and that’s what’s appealing about it. The same is true about Arctic drilling; as one very moderate environmentalist told me, the reason the Bush administration pursues high-profile anti-environmental policies is not that they please special interests but that they are “red meat for the right.” (The real special-interest payoffs come via less showy policies, like the way the administration is undermining enforcement of the Clean Air Act.)… Oil companies are not behind the push for drilling there — indeed, they are notably unexcited by the prospect. Studies by the U.S. Geological Survey suggest why: Arctic oil is so expensive to get at that it’s barely worth extracting at current market prices. For energy companies it’s the rest of the Bush energy plan, which would give them about $35 billion in tax breaks and subsidies, that really matters.’ NY Times