Posted by
Roxanna M. on Friday, July 11, 2008 1:06:36 PM
Thank you for your response to my recent e-mail. I have some questions about what you said:
1. The United States consumes more than 20.5 million barrels of oil per year - or 25% of total global consumption - but has less than 3% of the known global reserves.
What about the recent report in Investors Business Daily which stated that we have more reserves than Saudi Arabia?
2. Opening the Arctic National Wildlife Refuge (ANWR) to oil and gas exploration would not increase domestic crude oil production until 2018.
If the democrats had not blocked such oil and exploration back in the days of Bill Clinton, this resource would now be on line. If we start now, this resource will be on line in 2018. When will it be on line if we don't start now?
3. Additional oil production from opening ANWR is estimated to yield 745,000 barrels per day - or 3.6% of daily U.S. consumption - and would reduce the price of oil by no more than $1.44 per barrel.
Your fellow colleague, Charles Schumer (D-NY), said that ANWR would produce 1 million barrels a day and would reduce the price of gas by at least $.50 per gallon. Where did you get your numbers?
4. Lifting the Federal moratorium on the Outer Continental Shelf (OCS) would not have significant impact on domestic crude oil and natural gas production or prices before 2030.
And if we don't lift it now, when will it have significant impact?
5. You may also be interested to know that between 1999 and 2007, the number of drilling permits issued to the oil industry increased by 361%. Over the same period, however, gas prices increased from $1.25 per gallon to over $4.00 per gallon.
I wasn't aware that the issuance of a drilling permit was synonymous with actually finding oil. Thanks for clearing that up for me.
6. The oil industry also has access to significant oil and gas resources on federal lands and waters that they have yet to use. According to the Department of the Interior:
(a) The majority of crude oil and natural gas believed to be available on the OCS - 79% of oil and 82% of natural gas - are already available for drilling through existing leases.
I thought you said there was a Federal moratorium in place.
(b) Nearly 64 million acres of federal land and water leased to the oil and gas industry are not being used to increase domestic production.
Is there any oil there? Do you think that it is more cost effective to look for oil on lands that are already leased rather than just going straight to where we know there's oil? If so, why?
7. Instead of initiating oil and gas exploration in places like ANWR and the OCS ( I thought you said the oil industry already had leases there), I believe that the United States needs a long-term strategy to address our dependence on oil.
You've been a senator since 1992, that's 16 years. Yet your official biography doesn't list a single accomplishment with regard to our country's energy policy. Did you ever think about our need for a "long-term strategy" before gas hit $4.50 a gallon? If so, when? If not, why not?
8. We must take steps to increase the use of renewable energy and maximize current supplies by supporting energy efficient technologies.
You say there's no point in drilling because any results are years away, but here you are telling me that we "must take steps" to increase the use of renewable energy and maximize current supplies by "supporting energy efficient technologies." How many years away are results from these? What is your plan to ease pain at the pump now?
9. Please know that I appreciate hearing your support for increasing domestic oil and gas exploration, and I will keep your thoughts in mind as I continue working with my Senate colleagues to strengthen our national energy policy.
Don't we have to have a "national energy policy" before we can "strengthen" it?
Cordially yours,
Roxanna Moser