Political Quotes

“On the floor this week, some Senators have argued that by opening ANWR and causing physical disturbance to just 2000 acres, which is what we are talking about, of the Arctic coastal plain--and this area is about one-sixth the size of Washington Dulles Airport that would likely result in the production of about 1 million barrels of new oil a day--isn't going to have much of an impact on prices. I want to quote the senior Senator from New York, who said on May 13: If Saudi Arabia were to increase its production by 1 million barrels per day, that translates to a reduction of 20 percent to 25 percent in the world price of crude oil, and crude oil prices could fall by more than $25 a barrel. . . . In turn, that would lower the price of gasoline between 13 and 17 percent, or by more than 62 cents off the expected summer regular-grade price, offering much-needed relief to struggling families. Now, earlier this afternoon, the same Senator said opening ANWR would ``have little impact'' on lowering prices. I am not going to suggest that I know what he was thinking there, but I believe what he intended to say was that opening ANWR would have little impact on lowering prices immediately. In fact, if we were to vote in Congress today, this very moment, to open ANWR, we would not actually see the oil down the line into the lower 48 States for between 5 to 7 or 8 years.…”