The "unlimited oil" concept that the newspaper article touches on has been bouncing around for a long time now, but has never been accepted on a wide scale.
The current drilling proposals for ANWR may only indicate a small percentage of the land being used for oil extraction, but this land happens the be the wetlands which regulate almost the whole of the reserve. Cut off the head and the body dies, too.
Keep in mind the fragility of the tundra biome as well. The areas in which we're used to living (temperate deciduous, mostly), are rather resilient to the destructive force that is man. If you mow down old-growth forest, it will be just about restored in as little as 250-500 years. Meanwhile there are tire tracks left in the tundra of Alaska/Northern Canada that are still there from the 1960s. Not even lichen or small plant life has had time to grow back in 45 years due at least partially to the extremely short growth period.
Besides, let's say we do destroy this last, largest remaining vestige of North American wilderness. Will it really be worth if for another currently estimated 17-24 months worth of domestic oil? That's not a solution, it's not even a proverbial band-aid.
Beeker said:
Also, if oil comes from decaying organic matter that has been exposed to heat, how is it that there is so much oil in Alaska and under the ocean, which happen to be very cold places?
The position of the continents now is not in relation to the position of the continents eons ago. Continental drift has slowly and over time, moved the major land masses of the earth to different areas of the planet.