Congress: Democrats oppose extracting 10 billion barrels of oil from ANWR because it won’t affect prices, but want to tap our strategic reserve of 700 million because it will. Come again?
Investors Business Daily
At a hearing last week before the House Committee on Global Warming, Rep. Edward Markey, D-Mass., said he didn’t understand why President Bush wasn’t releasing oil from the nation’s reserves stored in underground salt domes in Texas and Louisiana.
Energy Secretary Samuel Bodman tried to explain that the stockpile “is meant to deal with . . . the physical interruption of the flow of oil to this country. We don’t have that issue today.”
We might, however, in the event of a conflict with, say, Iran. And for that reason, we believe the SPR should remain — what’s the word? — “pristine” and filled to the brim.
But we not only need the SPR; we need more reserves — from the Alaska National Wildlife Refuge to shale oil in the Rockies to the outer continental shelf.
Instead, we have the likes of Rep. Markey, who last year introduced H.R. 39, legislation that would make the 1.2-million-acre coastal plain of ANWR a permanently protected wilderness.
Oil development would affect only 2,000 acres, yet Markey et al. seek to end forever efforts to develop its energy resources to benefit Americans.
Never mind that off the coast of Louisiana, not far from our strategic reserve, there are 3,200 offshore oil platforms that survived Hurricane Katrina without leaking a drop of crude.
Also never mind that Louisiana produces a third of America’s commercial fisheries; fish thrive amid the platforms. Yet we are barred from more offshore exploration because of fears of spills and imaginary threats to marine life.
In our world, 10 billion is a lot bigger than 700 million. It’s bigger in Bodman’s world as well. The biggest factor affecting prices, he said, is that beginning in 2005 “there has been no change in global production” and “demand has outstripped supply.”
The Energy Information Administration says the U.S. by itself will need 19% more energy in 2030. Add in the rest of the world and the growing economies of China and India, and you’re talking 55% more energy demand. Despite our best efforts, more than 60% of that demand will be for oil and natural gas.
As President Bush said at a recent press conference, the Department of Energy has estimated that ANWR development, vetoed by Hillary Clinton’s husband in 1995, would add a million barrels of oil to our daily supply.
That, he said, “translates to about 27 million gallons of gasoline and diesel every day.” And that, he continued, “would be about a 20% increase of oil . . . and likely mean lower gas prices.”
In last week’s annual scapegoating of Big Oil, John Hofmeister, president of Shell Oil Co., told his Senate inquisitors: “This persistent denial of access is costing American consumers right out of their pocketbooks.”
ANWR is only the tip of the iceberg, no pun intended. The outer continental shelf holds an estimated 115 billion barrels of oil and 635 trillion feet of natural gas. If allowed to develop these resources in Alaska, the shelf and elsewhere, U.S. reserves would increase by a factor of five, and we’d jump from 11th to fourth in the world in the size of our proven reserves.
Enough, in other words, to make OPEC blink — and gas prices drop.
The Democrats continue their efforts to blame the rising prices of gasoline and fuel oil on the Republicans and, in particular, the Bush administration. There is no bigger lie to be foisted upon the American public.
Since 1980, almost 29 years ago, the Democrats began their refusal to allow offshore drilling, Alaskan oil drilling, the construction of nuclear power plants and wind farms off the coast of New England. Their claims, however foolish, were designed to protect the interests of their political contributors, not the pocketbooks of the American citizenry.
Now the Democrats want to blame the Republican Party for failure to levy fines for “price gouging” by Big Oil. Never mind the fact that they, the Democrats, ran on the promise to keep gasoline prices low and punish Big Oil for price gouging.
The Democrat spokesmen all say that if we were to allow drilling offshore, in Alaska, and that if we were to allow nuclear power plants, it would be at least 10 years before we would realize anything in production. That may be true, but if we had begun to act in 1980, 29 years ago, the “10 year” claim would be a moot point! We would have had energy prices under control, and facts are facts!
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Wild Thing’s comment………
Every time someone complains to me about these “outrageous gas prices,” I tell them, “Blame the Democrats who have kept us from drilling for more oil the last 30 years.”
This makes me so angry. These people that have done this to our country over the years, the enviro mentally ill human pieces of flesh which are also democrats, and the democrats that sit on their non working butts and do nothing for this country and the rino’s that go along with this crap……should be put in prison in some third world country and never let out into society again.
I am so sick of these enviro’s controlling our country the way they have done. Sick of this enemy within we have that do this kind of thing, the same people that do NOT support our troops, the same people that want socialism/ communism for the United States of America.
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