“The one million barrels we should be getting from ANWR each day is 14 times in excess of the 70,000 barrels we’ll be getting daily by temporarily halting the SPR deliveries.” - U.S. Representative Don Young (R-Alaska)
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Category: Government CommitteesType: News
Source: U.S. House Committee on Natural Resources
Party: Republican
Date: Tuesday, May 13th, 2008
May 13, 2008
Washington, D.C. - The following is U.S. Representative Don Young's (R-Alaska) statement on today's scheduled vote on legislation to temporarily halt the shipment of oil to the Strategic Petroleum Reserve (H.R.6022). Young is the Ranking Member on the Natural Resources Committee.
"This temporary action with the Strategic Petroleum Reserve is an extremely minor reaction to our nation's energy crisis. Everyone knows that the Democratic leadership's claim that this will reduce gas prices by up to 24 cents a gallon is ridiculous.
"Stopping shipments to the SPR will add about 70,000 barrels of oil a day to the world market. This is just 0.34 percent of what the country uses each day.
"Yet the same leaders in the Democratic Party who say this is the solution to our gas problems are the same ones who have fought to keep ANWR's one million barrels a day locked up for decades. ANWR would already be providing one million barrels of oil each day if President Clinton hadn't vetoed the legislation back in 1995.
"The one million barrels we should be getting from ANWR each day is 14 times in excess of the 70,000 barrels we'll be getting daily by temporarily halting the SPR deliveries.
"Opening ANWR would be the equivalent of bringing another Texas on-line. The Energy Information Administration states that Texas's biggest oil producing State - produced about 32 million barrels in December 2007. ANWR would provide one million barrels a day, or about 31 million barrels a month. In contrast, this temporary SPR 'solution' will add only 2.17 million barrels a month. -
"There are 10.4 billion barrels of oil in the Coastal Plain of ANWR. Not only has the Democratic leadership kept this oil locked up for decades, they are now working to permanently lock up ANWR by making it a designated wilderness area totally off limit to oil production.
"Some argue that this will lower prices by 'sending a signal'. I wonder what kind of signal it would send if the Democratic Majority made an announcement today that they will end their irrational opposition to opening ANWR and bringing its 10.4 billion barrels on line. What kind of signal would it send if they announced that they'll stop making it illegal to produce our own energy in other regions of the nation?
"If the Democratic leadership was serious about addressing 's energy crisis, it wouldn't parade out minimal actions like this as solutions. If they're serious about finally addressing the outrageous costs of $120 a barrel and $3.60 a gallon gas, they would join the Republican leadership in promoting new domestic production like ANWR to reduce our dependency on OPEC and other foreign energy producers."
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