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Posted on 05/06/2009 10:26:30 AM PDT by Conservative Coulter Fan
1. Only 8% of ANWR Would Be Considered for Exploration Only the 1.5 million acre or 8% on the northern coast of ANWR is being considered for development. The remaining 17.5 million acres or 92% of ANWR will remain permanently closed to any kind of development. If oil is discovered, less than 2000 acres of the over 1.5 million acres of the Coastal Plain would be affected. That¹s less than half of one percent of ANWR that would be affected by production activity.
2. Revenues to the State and Federal Treasury Federal revenues would be enhanced by billions of dollars from bonus bids, lease rentals, royalties and taxes. Estimates on bonus bids for ANWR by the Office of Management and Budget and the Department of Interior for the first 5 years after Congressional approval are $4.2 billion. Royalty and tax estimates for the life of the 10-02 fields were estimated by the Office of Management and Budget from $152-237 billion.
3. Jobs To Be Created Between 250,000 and 735,000 ANWR jobs are estimated to be created by development of the Coastal Plain.
4. Economic Impact Between 1977 and 2004, North Slope oil field development and production activity contributed over $50 billion to the nations economy, directly impacting each state in the union.
5. America's Best Chance for a Major Discovery The Coastal Plain of ANWR is America's best possibility for the discovery of another giant "Prudhoe Bay-sized" oil and gas discovery in North America. U.S. Department of Interior estimates range from 9 to 16 billion barrels of recoverable oil.
6. North Slope Production in Decline The North Slope oil fields currently provide the U.S. with nearly 16% of it's domestic production and since 1988 this production has been on the decline. Peak production was reached in 1980 of two million barrels a day, but has been declining to a current level of 731,000 barrels a day.
7. Imported Oil Too Costly In 2007, the US imported an average of 60% of its oil and during certain months up to 64%. That equates to over $330 billion in oil imports. That’s $37.75 million per hour gone out of our economy! Factor in the cost to defend our imported oil, and the costs in jobs and industry sent abroad, the total would be nearly a trillion dollars.
8. No Negative Impact on Animals Oil and gas development and wildlife are successfully coexisting in Alaska 's arctic. For example, the Central Arctic Caribou Herd (CACH) which migrates through Prudhoe Bay has grown from 3000 animals to its current level of 32,000 animals. The arctic oil fields have very healthy brown bear, fox and bird populations equal to their surrounding areas.
9. Arctic Technology Advanced technology has greatly reduced the 'footprint" of arctic oil development. If Prudhoe Bay were built today, the footprint would be 1,526 acres, 64% smaller.
10. Alaskans Support More than 75% of Alaskans favor exploration and production in ANWR. The democratically elected Alaska State Legislatures, congressional delegations, and Governors elected over the past 25 years have unanimously supported opening the Coastal Plain of ANWR. The Inupiat Eskimos who live in and near ANWR support onshore oil development on the Coastal Plain.
Greater access to these areas is needed because that’s where the remaining oil and natural gas accumulations are likely to be located – particularly the larger ones. Although much of our nation’s natural gas production is from private lands, this is not enough to meet our growing energy demand – particularly natural gas for electric power generation.
Our nation’s long-term energy security will depend upon diversity of sources of supply. It is important to remember that U.S. domestic production is mostly made up of modest amounts from hundreds of thousands of wells in thousands of oil and gas fields, both onshore and offshore. With the exception of a few very large fields discovered many decades ago, all of our current production comes from fields that can be characterized as only a few weeks or months of supply. Thus, each discovery makes a proportional contribution to supplies over 10, 20, or in some cases, 50 or more years. The U.S. needs a constant supply of new discoveries to replace declining production from existing and end-of-life wells to meet our nation’s growing demand for energy. Otherwise production will eventually fall, creating a supply/demand imbalance that will either be met by growing imports, rising prices, or both.
Why We Need More Development on Government Lands and Offshore
Amazing! I cannot believe that conservatives are still unable to convince Americans to drill ANWR, which has more oil than the reserves of Nigeria, Mexico, and Kazakhstan combined...or drill the oil offshore...where we have large reserves.
DRILL, BABY, DRILL! Proud to be one of the over 75% of Alaskans who support ANWR development.
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,but ...we’re saving the world! ...LOL
EPA Administrator: ‘I’m trying to save the world’
http://briefingroom.thehill.com/2009/04/21/epa-administrator-im-trying-to-save-the-world/
Pelosi: ‘I’m trying to save the planet’
http://www.politico.com/news/stories/0708/12122.html
Stop that! Chris Matthews is going to get a thrill up his leg..
I have no use for the GOP either...here is a golden opportunity to show how the Government is holding back economic activity and preventing the creation of jobs by allowing oil companies to engage in their business....while pushing a harmful regulation n tax scheme based on a junk science.
Save the offshore drilling and Help Sarah open anwr
Its all about National Defense, Drill for Oil Now
That is some of butt-ugliest country on earth. There is a reason it was never taken into the national park or grassland system.
Alaska should assert their sovereignty and drill.
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