"Consider the costs and benefits to things like drilling for oil, for one."
. . .
"But talk is cheap, so here's a thought experiment: What would happen if we left the fate of ANWR up to environmentalists? What would they do if they owned ANWR?"
. . .
"That kind of balanced approach is lost in the ANWR debate today. Under public ownership, ANWR takes on excessive political symbolism: Should we save the Arctic or destroy it for short-term profit? Protect America's last great wilderness or drill, baby, drill? The Rainey Sanctuary demonstrates that it doesn't have to be one or the other. Private ownership gives environmental groups a strong incentive to balance conservation with resource development and resolve competing demands in a cooperative, mutually beneficial way.
"Property rights matter. When environmental groups bear the costs of managing their own lands, their behavior is often very different than what they advocate on publicly owned lands. The experience of the Audubon Society suggests that there is a more sensible approach to environmental problems than the political environmentalism we know today. But, unfortunately, you're not likely to find it in the political debates over ANWR"
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