oil drilling in Alaska

goso88 · Mar 18, 2005

By Tom Curry
National affairs writer
MSNBC

Updated: 8:34 a.m. ET March 17, 2005WASHINGTON - By a vote of 51 to 49, the Senate Wednesday defeated a measure that would have banned oil exploration and drilling on the 1.5 million acre coastal plain of Alaska’s Arctic National Wildlife Refuge.

It was a victory for Alaska’s two Republican senators, Ted Stevens and Lisa Murkowski, and for the Bush administration, but as both Stevens and Murkowski acknowledged in a news conference immediately afterward, substantial legislative hurdles remain before drilling could begin...

She explained that “the biggest hurdle we have is that we don’t (yet) have a budget. This will be a component of that budget, and now all this rides on the success of having a budget.”

The climactic vote will not come until late summer when the Senate is likely to vote on what is called the reconciliation act.

The Congressional Budget Office estimates that bids for ANWR leases would yield federal proceeds over a 10-year period of $2.6 billion.

The U.S. Geological Survey’s estimate of the economically recoverable resources is about 6 billion barrels at prices at or above $35 per barrel. The United States imported an average of about 9.7 million barrels of crude oil per day in January.

Click to expand...

(complete article) http://www.msnbc.msn.com/id/7210486

What do you guys think about this?

Being a little bit of a nature freak, I'm a little disturbed and angry...

Todd · Mar 18, 2005

Something needs to be done about the outrageous gas prices, but IMO, this isn't the right way to do it.

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oil drilling in Alaska

goso88 Well-Known Member

Todd FLǕGGȦ∂NKđ€ČHIŒβǾLʃÊN LPA Administrator

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oil drilling in Alaska

goso88 Well-Known Member

Todd FLǕGGȦ∂NKđ€ČHIŒβǾLʃÊN LPA Administrator

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