American jobs to build the pipeline. American jobs to operate our aviation industry. In fact, this plane here is a fighter plane, because the United States Air Force is the number one purchaser of aviation fuel in the world. For every dollar increase in a barrel of crude oil, you know what it costs our Air Force? $60 million. That's $60 million that doesn't go to training. That's $60 million that doesn't go to equipping. That's $60 million that doesn't help in meeting the budgetary demands. Let me just finish on this point. Let's assume we access these and we have oil and gas. Or let's assume we're in ANWR and we're getting the oil and gas and we're getting the royalties. At today's prices, do you know how much money would come to the Federal Treasury at today's prices from ANWR? $192 billion. Do you think that would help the nanotechnology budget? I think it would help extremely. Move us from a decrease in our reliance on imported crude oil, American-made energy, new science and technology, green power; and that's kind of what this debate is all about.
Editor's note · Context
Discussing the economic benefits of accessing oil and gas resources in relation to national defense and technology funding.
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