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Natural Resources Committee Press Release
U.S. Rep. Don Young, Ranking Member
1329 Longworth H.O.B.
Washington, D.C. 20515
Contacts: Steve Hansen (Republican Communications Director)
April 29, 2008
"President Bush Is Absolutely Correct - The Democratic Anti-Energy Policies Will Continue To Worsen America's Gas & Energy Problems"
- Rep. Don Young
Democrats Continue To Keep 10.4 Billion Barrels Of Oil Locked Up In ANWR
Washington, D.C. - The following is U.S. Rep. Don Young's
(R-Alaska) statement regarding President Bush's remarks this morning on increasing gas and energy prices. Young is the Ranking Member on the House Natural Resources Committee.
If President Clinton Hadn't Vetoed ANWR Oil Production In 1995,
America Would Already Be Using This Domestic Energy
"President Bush is absolutely correct in pointing out that the Democratic Party's anti-energy policies will continue to worsen America's gas and energy problems.
"In 1995, former President Clinton vetoed a bill containing legislation I sponsored that would have allowed for the environmentally-sound production of the Coastal Plain of the Arctic National Wildlife Refuge. If President Clinton hadn't vetoed this bill, ANWR production would now be providing our nation with more than one million barrels of oil each day.
"This Democratic opposition to ANWR oil production has kept
10.4 billion barrels of American oil locked up in the northern coast of Alaska Coastal Desert.
"Instead, we are forced to import more and more oil from the Middle East and other foreign nations at a price of $120 a barrel.
Now, Democratic Leadership Wants To Permanently Lockup ANWR's Oil . . . Forever
"But that's just the tip of the iceberg. The Democratic leadership in Congress wants to hammer the final nail in ANWR's coffin and keep this 10.4 billion barrels of American oil locked up forever.
"Rep. Ed Markey (D-MA), the Democratic Chairman of the Energy Independence and Global Warming Committee, has introduced legislation to permanently lockup all of ANWR's oil forever. Democratic Chairman Markey wants to classify the barren tundra over this oil field as a permanent wilderness area which will forever prohibit any of this oil from being produced for American consumers.
"Democratic Chairman Markey's bill would ensure that America will have to continue to pay OPEC and other foreign oil producers even higher prices.
Democrats Also Want To Lockup An Additional 27.8 Billion Barrels
Of Energy In Alaska's Chukchi Sea
"Democratic Chairman Markey is also leading his Party's effort this year to stop the production of another 27.8 billion barrels of oil equivalent in Alaska's Chukchi Sea. He says none of this American energy should be produced for our country.
"These are just a couple of the Democratic leadership's policies in my home State of Alaska that have skyrocketed gas prices to $3.60 a gallon and oil to $120 a barrel."
AMERICAN ENERGY - BY THE NUMBERS
Barrels of American Energy locked up in ANWR - the Democrat Majority wants to throw away the key
Percentage of ANWR that would be affected by 21st century American energy development (2000 acres of the 19.6 million-acre refuge)
Barrels of Untapped American Energy in the Nation's outer continental shelf (OCS) according to the Minerals Management Service (MMS)
Percentage of OCS off-limits to energy development in the Lower 48
Barrels of American Energy Democrats would like to see locked up in the Chukchi Sea
American jobs created if Democrats would end their irrational opposition to energy development in a fraction of ANWR
Value of the American energy (at today's prices) we could be developing in ANWR and the Chukchi Sea instead of sending that money to OPEC and hostile dictators.
Foreign Energy Tax paid by every man, woman and child in the U.S. for imported oil per year (including refined products and assuming population of 300,000,000)
Price of U.S. Imported Oil Products Per Day (including refining products and assuming $120/barrel)
Gallons of oil per day we could begin producing by or before 2022 if Congress allowed us to do it (1 million barrels/day @ 42 gallons/barrel)
Income tax and royalty revenue that would flow to the federal government over the 30 year lifetime of ANWR development if Democrats would open
2000 acres of the 19.6 million acre Refuge (CRS estimate at $120/barrel)
Gallons of ethanol per year mandated by 2022 under Speaker Pelosi's Energy Bill
Taxpayers' annual bill once the 15 billion gallon ethanol mandate is reached (based on the current 51 cents/gallon federal subsidy)
Percentage of Taxpayers' Ethanol Mandate Bill that could be covered by federal revenues from ANWR energy production ($5.6 billion/year based on $168.2 billion over 30 years)
American dollars we'll send to foreign governments and hostile dictators in 2008 because of this body's decades-old policy of saying NO! to any real American energy development
Increase in the average price of regular gasoline per gallon since the Democratic Majority began their rule over "energy" policy
Actions taken by the Democrat Majority to lower Americans' energy prices and our dependence on foreign oil
Actions taken by the Democrat Majority to make energy less available and more expensive
"Democrats have a commonsense plan to help bring down skyrocketing gas prices" - -Speaker Pelosi, April 24th, 2006
For more information, access the Committee on Natural Resources' Minority website at:
# # #
Director of Communications
U.S. House Committee on Natural Resources
1329 Longworth HOB
Washington, D.C. 20515
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