I often speak with people fascinated by the "But, if" scenrios in response to Peak Oil. As in "But, if we were just able to extract our oil from the Alaska National Wildlife Refuge."
Well, that is an extremely flawed hope for two reasons: 1. Available production and 2. Time to Production.
This post explains a recent CNN discussion on how, at best, ANWR would produce 3 years worth of oil and that it would take almost a decade to begin production.
Sounds like a band-aid solution--and a lousy one at that when the real facts are considered.