If I could add, in this Chukchi/Beaufort, for example, it is estimated that the cumulative state, local, Federal value over the next 50 years in terms of revenue stream is upwards of $100 billion. If we then talk about the payroll over the…

If I can, I will add one more point before we finish. If these incentives are so bad, then why are we at a 10-year high in production? Why do we see in Alaska more independence than ever before? Probably in the Senator's State I venture to…

Absolutely. I will tell the Senator we have been exporting for 40 years. We have been doing that because of our ability to do so and being able to get to the Pacific Asian market. Overall, the State here--through all its natural resources…

Mr. President, just as I expected, we have been in this back-and-forth show-and-tell on oil and gas issues instead of spending the time and working on a real energy plan, one that is important for not only my State, my colleague's State…

Well, I think the Senator said it in the question in a way. It is a lot of Presidential politics. I think what I hear when I go home is--and the Senator probably hears it too--that people are frustrated with that activity. Think about…

Well, absolutely. As a matter of fact, as we know, this line--this is the pipeline that brings resources from here down to Valdez and ships it throughout the country and the world. It is about 10 percent of the oil for our country that…

Some of those ships will be refurbished and some of the work that is being done is out of the Port of Seattle and Tacoma and that region. It is a nationwide aspect. Think about this. In 2011, the oil and gas industry produced 9 percent of…

If we are really serious in the Senate about what we are doing in terms of increasing our long-overdue requirement to up our oil resources, our oil production and supply, we know how. We have opportunities from our neighbors to the north…

Mr. President, I don't see anyone in the queue, if I may have another minute to wrap up. The PRESIDING OFFICER. Without objection, it is so ordered.

Mr. President, these are news stories, not editorials. One is from Platts Energy; the other is from the Wall Street Journal. Both detail an announcement from the British Government that it is going to reverse its own taxes on the oil…

Thank you, Mr. President. This is a good discussion on the floor today. I join with my colleague from California in urging that the House move to the Transportation bill. But that is not why I rise this afternoon. I wish to speak on the…

The Senator was a county executive; I was a mayor of a community. We had to deal with the real-life aftermath of what happens around here, especially when it comes to these extensions. I know in my city, when I saw these extensions from…

Absolutely, I say to the Senator from Delaware. In Alaska, I chaired the Metropolitan Planning Organization, the MPO, which had this money that would come from this legislation. It would come to us, and if they delayed it here or they had…

The Senator and I have the same situation he has described: Yes, we are getting those calls and they are not just-- people say this is a union thing. No, it is union, nonunion, chamber, environmentalists, neighborhoods, community councils…

If I can make a comment that the Senator just christened one of our new ships coming up. It has Icebreaker capacity to work for Shell to do what? Go right here.

Mr. President, I would like to enter into a colloquy with my colleague from Louisiana. The PRESIDING OFFICER (Mr. Udall of Colorado). Without objection, it is so ordered. Energy Planning

The Senator raises a good point. I am mindful of our time limit. I am going to take a minute or two to wrap up. I do think Senator Alexander and Senator Hoeven both raised very good points. I look at the health care law and I often think…

Senator Alexander has raised some excellent points there because Governors only have so much revenue they can deal with; they cannot invent it, if you know what I am saying. So Governors have to figure out what the needs of the State are…