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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:

  • “There would be no production out of [ANWR] for at least 7 years.” -Sen. Jeff Bingaman (D-N.M.)
  • “Oil extracted from [ANWR] would not reach refineries for seven to ten years.” -Sen. Maria Cantwell (D-WA)
  • “No oil will flow from ANWR…until from 7 to 10 years from now.” -Sen. John Kerry (D-MA)
  • “Oil exploration in ANWR will not actually start producing oil for as many as 10 years.” -Sen. Patty Murray (D-WA)
  • “Even if we started drilling [in ANWR] tomorrow, the first barrel of crude oil would not make it to the market for at least 10 years.” -Sen. Debbie Stabenow (D-MI)

Ten years later, oil and gas production on federal lands is at a nine-year low [1], a gallon of regular unleaded gasoline costs an average $3.90 [2], and the president is busy blaming “speculators” for high oil prices – a scapegoat that even a former Democratic Commodity Futures Trading Commissioner rejects [3]. Heritage’s David Kreutzer also debunked [4] that argument.

The president’s continued refusal to expand domestic energy production, which would be an economic boon and raise significant federal revenue [5] without hiking taxes, recently made Heritage’s list of the administration’s ten worst energy policy decisions [6].

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:

[1] nine-year low: http://blog.heritage.org/2012/03/19/production-of-oil-gas-and-coal-on-federal-lands-sinks-to-nine-year-low/

[2] $3.90: http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp

[3] rejects: http://freebeacon.com/dem-former-cftc-member-says-speculation-doesnt-cause-spike-in-fuel-costs/

[4] debunked: http://blog.heritage.org/2012/04/18/the-obama-oil-embargo/

[5] 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

[6] ten worst energy policy decisions: http://blog.heritage.org/2012/04/11/obamas-ten-worst-energy-policies/

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