A new Gallup Poll shows that 57 percent of Americans agree with House Republicans and favor more energy exploration in the United States. America needs fewer restrictions on domestic sources of oil. The U.S. remains the only oil-producing nation that has placed a substantial amount of its energy potential off limits. This includes just 100th of 1 percent of Alaska's 20-million Arctic National Wildlife Refuge. This small portion of ANWR is believed to contain 10 billion barrels of oil, or more, an amount equivalent to 15 years of imports from Saudi Arabia or 30 years of imports from Hugo Chavez. The Congressional Research Service estimates that at $1.25 a barrel, ANWR would deliver $192 billion in corporate income tax and royalty revenue to the Federal Government. Even more oil is located in other restricted areas throughout the United States, and still more, Mr. Speaker, in the 85 percent of America's Outer Continental Shelf, that is currently off-limits. We need to favor more exploration.
Cliff Stearns: “A new Gallup Poll shows that 57 percent of Americans agree with House Republicans and favor more energy exploration in…”
Editor's note · Context
Discussing the need for increased energy exploration and reduced restrictions on oil production in the U.S.
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