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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
(202) 225-7749

www.house.gov/resources/republicans

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

10.4 Billion

Barrels of American Energy locked up in ANWR - the Democrat Majority wants to throw away the key

0.01%

Percentage of ANWR that would be affected by 21st century American energy development (2000 acres of the 19.6 million-acre refuge)

162.3 Billion

Barrels of Untapped American Energy in the Nation's outer continental shelf (OCS) according to the Minerals Management Service (MMS)

85%

Percentage of OCS off-limits to energy development in the Lower 48

27.8 Billion

Barrels of American Energy Democrats would like to see locked up in the Chukchi Sea

1 Million

American jobs created if Democrats would end their irrational opposition to energy development in a fraction of ANWR

$3.9 Trillion

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.

$1,953

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)

$1.64 Billion

Price of U.S. Imported Oil Products Per Day (including refining products and assuming $120/barrel)

42 Million

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)

$183.5 Billion

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)

15 Billion

Gallons of ethanol per year mandated by 2022 under Speaker Pelosi's Energy Bill

$7.5 Billion

Taxpayers' annual bill once the 15 billion gallon ethanol mandate is reached (based on the current 51 cents/gallon federal subsidy)

75%

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)

$500 Billion

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

$1.30

Increase in the average price of regular gasoline per gallon since the Democratic Majority began their rule over "energy" policy

Zero

Actions taken by the Democrat Majority to lower Americans' energy prices and our dependence on foreign oil

Countless

Actions taken by the Democrat Majority to make energy less available and more expensive

PRICELESS

"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:

http://republicans.resourcescommittee.house.gov/default.aspx

#     #    #

Steve Hansen

Director of Communications

Republican Staff

U.S. House Committee on Natural Resources

1329 Longworth HOB

Washington, D.C. 20515

(202) 225-7749

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