I thank Chairman Black and Chairman Bishop for including ANWR, the Alaska National Wildlife Refuge, in the budget process. I am looking forward to this. With this legislation, we contribute money to solving some of our national debt. The small area of 1002 in the National Wildlife Refuge is an area of 2,000 acres, smaller than Dulles Airport. {time} 1615 Potentially, though, we have a little over 20 billion barrels of oil. Think how much money that would bring to the Treasury immediately through the bidding process. This is an issue I have been working on for the last 45 years. It is time we passed it. Once it went to the Senate, and President Clinton vetoed it because it wouldn't help us with that embargo we had at that time. Now is the time to make sure this Nation is independent totally. It won't happen overnight, but only Congress can do this. It is not a wilderness area. It is designated to be drilled at the behest of the Congress for the good of the Nation. It will reduce the debt. Again, I said I expect bids of about $10 billion to $20 billion just to have the right to drill. With the new royalties that are coming down from the Secretary of the Interior, we will have not only a large amount going into the Treasury, we will have about 776,000 new jobs created by the discovery of this oil. We have already seen what we have been able to do in other States by fracking and becoming more energy independent and how that controls the OPEC nations.…
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