Domestic Oil

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Domestic Oil

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Gulf of Mexico

There seems to be a question as to the validity of the claims about oil leases off Cuba, however Jimmy Carter signed an agreement back in 1977 allowing Cuba access to half of the 90 miles distance to Key West. - 45 miles from the United States of America sovereign soil!

China, Spain, Canada and India are names are names being linked with Cuban oil exploration and drilling, but radical-left webbers like the Daily Kos, et al, say this is nothing more than a GOP scare rumor.

Cuba has divided its side of the Florida Straits into 59 lease areas. As of the end of February, foreign countries had secured the rights, or were negotiating the rights to 16 of them, according to Cuban government documents provided by the Cuban Interests Section in Washington.

This statement is not in doubt nor is the estimates of oil and gas.

The Interior Department estimates that the Outer Continental Shelf has more than 115 billion barrels of oil and 633 trillion cubic feet of natural gas available for extraction At current levels of consumption, that would satisfy the nation's oil needs for about 16 years and its natural gas needs for about 25 years.

New finds in the Gulf of Mexico are being reported by Chevron, Shell, British Petroleum and other commercial oil & natural gas interests.

Arctic National Wildlife Refuge

The Arctic National Wildlife Refuge (ANWR) is another place that can help us out of the current "crisis". ANWR is 19,000,000 acres (that is 19 million) the area that is to be drilled is only 2,000 acres, about one tenth of 1% of the total. It amounts to a flea on the back of a large caribou. ANWR has been represented as a pristine wilderness with almost a tropical image, nothing could be farther from the truth, in summer, the coastal plain is mostly mosquito-plagued tundra and bogs, fall and winter a true arctic wasteland. In the winter, it reaches 70 degrees below zero (not counting wind chill, which brings it to 120 below) and is in round-the-clock darkness. The Department of Interior estimates, some 5.7 billion to 16 billion barrels of recoverable oil reside in an area the size of Dulles Airport.This can be stated another way: a postage stamp on a football field

Sen. Reid is a staunch foe of opening ANWR and has a long track record blocking ANWR legislation. Gov. Palin sent an official letter to Reid stating how ANWR could provide 1 million barrels of oil a day and ( note: the trans-Alaska pipeline is rated at 2 million barrels a day currently only 1 million is being pumped)

Federal taxes from oil production totaling over 200 billion dollars could be used to fund alternative energies and future energy development for over 3 decades to come. At today’s prices. ANWR oil is worth 1.3 trillion dollars to the nation

Shale Oil in Flyover Country

According to a just-released study, the United States has an oil reserve at least three times larger than Saudi Arabia’s. It is locked in oil-shale deposits beneath federal land in Colorado, Utah, and Wyoming. For example, hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world: more than 2 TRILLION barrels!

The U.S. Geological Service issued a report in April 2008 that only scientists and in-the-know oil people knew was coming, and it was big! It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana .

In North Dakota alone, the Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. 'This sizeable find is now the highest-producing onshore oil field found in the past 56 years,' reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin, but is more commonly referred to as the 'Bakken.' And it stretches from Northern Montana, through North Dakota and into Canada. For years, U.S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves and we now have access of up to 500 billion barrelsof it. And because this is light, sweet oil, those billions of barrels will cost Americans just $16   PER BARREL!

That's enough crude to fully fuel the American economy for 41 years straight.

Continental Shelf, California, Oregon, Washington, Alaska and the Eastern Seaboard.

Dixy Lee Ray, the marine biologist who was Governor of Washington from 1977 to 1981, is one of the few prominent people who supports a Federal plan to begin oil and gas exploration on the outer continental shelf in Northern California, Oregon, Washington and Alaska.

Commenting on an exploration plan announced on April 27th of this year (2008), the former Governor said she believed the potential for environmental damage was overrated. ''I see absolutely no reason why there shouldn't be offshore exploration,'' she said in a telephone interview from her home on Fox Island in Puget Sound.

We'll soon see, thanks to Rep. John Peterson. After its July 4 recess, the House will have a chance to vote on his measure to allow drilling off our coastline. The Pennsylvania Republican has made a distinguished career of trying to end the ban on offshore drilling that Congress has renewed each year since 1982. The latest prices have changed his prospects. A vote of the full House Appropriations Committee on his amendment was put off last week. Peterson believes this was because the Democratic leadership concluded they didn't have the votes to stop him. But, then, why would they want to stop an effort to drive up supply and drive down prices here at home?

"The Democrats and environmentalists have made a conscious decision that we're not going to produce fossil fuel," Peterson says. "The problem is we're locking up all of it before we have a replacement."

The party of "manufactured scarcity" wants to continue to keep 85 percent of the outer continental shelf off the lower 48 states from being open to U.S. gas and oil exploration. Peterson's measure would allow drilling between 50 and 200 miles off the U.S. coastline. (Rigs can't be seen beyond 11 to 14 miles.) Estimates for the reserves there are as high as 8.5 billion barrels of oil and 29 trillion cubic feet of natural gas. There's also potential undiscovered resources of 86 billion barrels of oil and 420 trillion cubic feet of gas. Says Peterson, "We haven't allowed modern measurement out there in 30 years."

The Peterson amendment to the Interior Appropriations bill would modify the 27-year old Congressional Moratorium preventing responsible, environmentally friendly, offshore oil and natural gas exploration. As a result of the congressional decree, it is currently illegal to produce American oil and natural gas on 85% of the Outer Continental Shelf (OCS). By harvesting this offshore energy, the price at the pump will stabilize and eventually reduce fuel prices at the pump and in our homes. Contact your Representative and Senators and demand that they support responsible offshore energy production. Below is a compilation of recent media attention and links to Speaker Pelosi's Office and to House Appropriations Committee Members. Contact Speaker Pelosi and the Appropriations Committee, and insist that the Interior Appropriations bill be scheduled for consideration.
            Member of Congress John E. Peterson Contact him here

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