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VIDEO: 10 Years Ago Today, Dems Say ANWR Won't Yield Oil for 10 Years
Posted By Lachlan Markay On April 18, 2012 @ 1:31 pm In Featured,Scribe | Comments Disabled
On April 17 and 18, 2002, a number of Senators took to the floor of the upper chamber to decry efforts to open the Arctic National Wildlife Refuge to fossil fuel exploration and development.
Their objections voiced a common concern: ANWR wouldn’t begin to produce oil for up to ten years. Here’s what some of the Senators had to say:
Ten years later, oil and gas production on federal lands is at a nine-year low , a gallon of regular unleaded gasoline costs an average $3.90 , and the president is busy blaming “speculators” for high oil prices – a scapegoat that even a former Democratic Commodity Futures Trading Commissioner rejects . Heritage’s David Kreutzer also debunked  that argument.
The president’s continued refusal to expand domestic energy production, which would be an economic boon and raise significant federal revenue  without hiking taxes, recently made Heritage’s list of the administration’s ten worst energy policy decisions .
Meanwhile, the excuses offered in opposition to an energy policy that values domestic fossil fuel production look thinner by the day.
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/04/18/video-10-years-ago-today-dems-fret-anwr-wont-produce-for-10-years/
URLs in this post:
 nine-year low: http://blog.heritage.org/2012/03/19/production-of-oil-gas-and-coal-on-federal-lands-sinks-to-nine-year-low/
 $3.90: http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp
 rejects: http://freebeacon.com/dem-former-cftc-member-says-speculation-doesnt-cause-spike-in-fuel-costs/
 debunked: http://blog.heritage.org/2012/04/18/the-obama-oil-embargo/
 economic boon and raise significant federal revenue: http://www.heritage.org/research/reports/2011/09/energy-exploration-would-create-jobs-and-raise-revenue-without-raising-taxes
 ten worst energy policy decisions: http://blog.heritage.org/2012/04/11/obamas-ten-worst-energy-policies/
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