Here's The Savings from Arctic Drilling-75 Cents a Barrel (Erika Bolstad)

The report, which was requested in December by Sen. Ted Stevens, R-Alaska, found that oil production in the refuge "is not projected to have a large impact on world oil prices."

{xtypo_quote_left} The thing that high gas prices has done is make people mad at the oil companies, and not mad at environmentalists for protecting places like the Arctic Refuge," Manuel said. {/xtypo_quote_left} 

But the report also finds that opening ANWR could have other benefits, particularly in Alaska, where tapping the resources in the Arctic refuge could extend the lifespan of the trans-Alaska pipeline. It estimates that if Congress agreed to open ANWR this year, Alaskan oil could hit the market in about 10 years.

"I'm coming away from it saying that this is yet another an indicator that opening ANWR is important to this country and to our energy future," said Sen. Lisa Murkowski, R-Alaska.

The report was unveiled Thursday by the Department of Energy's research arm, the Energy Information Administration and came a day after the Department of Interior said that 60 percent of federal lands that hold potential sources of natural gas and oil are closed to leasing.

Read More: McClatchy