Thomas Mott Osborne: “I support H.R. 5429 and the underlying rule. Energy and exploration and production in ANWR will take place under the…”

“I support H.R. 5429 and the underlying rule. Energy and exploration and production in ANWR will take place under the most stringent environmental protection requirements ever applied. It will be limited to just 2,000 acres of ANWR's 1002 area, which equals one ten-thousandths of the ANWR area, the size of a mid- sized U.S. airport. The average estimate of recoverable oil from 2,000 acres of ANWR is 10.4 billion barrels. That is more than double the proven reserves of Texas and could increase America's total proven reserves, which is 21 billion barrels, by nearly 50 percent. Energy development on ANWR's northern coastal plain could deliver an additional 1.5 million barrels of oil per day, nearly equal to the amount we import from Saudi Arabia on a daily basis. Experts have estimated that safe energy exploration and production in ANWR would create between 250,000 and 1 million new jobs in the United States. Energy exploration and production in ANWR's northern coastal plain would raise $111 billion to $173 billion in Federal royalties and tax revenues. And given our current tax situation, we think that would certainly be somewhat notable. H.R. 5429 includes an export ban. All oil and natural gas produced on ANWR's northern coastal plain must stay in the United States. Safe energy exploration and production have continued for the last 3 decades in Prudhoe Bay, just 80 miles west of ANWR. The caribou herd at Prudhoe Bay has tripled since development began.…”