- ANWR is larger than the combined areas of five states (Massachusetts, Connecticut, Rhode Island, New Jersey, Delaware) and drilling along its coastal plain would be confined to a space one-sixth the size of Washington’s Dulles Airport. Why aren’t we already drilling there?
- 39 Democrat Senators, including Barack Obama, and 33 Republican Senators, including John McCain, recently voted to keep ANWR’s estimated 10.4 billion barrels of oil off the market and keep gasoline prices rising.
- One million barrels is what might today be flowing from ANWR if in 1995 President Clinton had not vetoed legislation to permit drilling there. One million barrels produce 27 million gallons of gasoline and diesel fuel. So you can partially thank Bill Clinton for today’s gasoline prices.
- Saudi Arabia, said New York Senator Chuck Schumer, “holds the key to reducing gasoline prices at home in the short term.” Therefore arms sales to that kingdom should be blocked unless it “increases its oil production by one million barrels per day,” which would cause the price of gasoline to fall “50 cents a gallon almost immediately.” Drilling in ANWR would achieve the same one million barrels per day of oil production, but Schumer will not allow the US to drill there.
- The U.S. Minerals Management Service says that restricted area in ANWR contains perhaps 86 billion barrels of oil and 420 trillion cubic feet of natural gas — 10 times the oil and 20 times the natural gas Americans use in a year.
- In September 2006, two U.S. companies announced that their “Jack No. 2″ well, in the Gulf 270 miles southwest of New Orleans, had tapped a field with perhaps 15 billion barrels of oil, which would increase America’s proven reserves by 50 percent. Just probing four miles below the Gulf’s floor costs $100 million, money that only comes from any profits that the oil companies earn the year before. But Congress’ response to such expenditures is to propose increasing the oil companies’ tax burdens, thereby reducing their profits and hampering the oil companies’ ability to search for new oil. Does that make sense?
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