Jim Inhofe: “yesterday, I spent some time on the floor talking about the recoverable reserves in the United States of America. I was…”

“yesterday, I spent some time on the floor talking about the recoverable reserves in the United States of America. I was shocked so many Senators--first of all, I was shocked that many listened but more shocked they came up to me and said: We were not aware we have this opportunity. I have, from the Congressional Research Service, a breakdown of where all of it is. I wish to share that breakdown and get it into the Record. I applaud Senator Murkowski and others for trying to open and fully develop the resources in the Gulf of Mexico. That is very significant. I applaud their effort, and I join them in their effort. We need to go further than that because in the Gulf of Mexico are-- these are figures of the Congressional Research Service--undiscovered, technically recoverable resources. Our resources, according to CRS, are greater than any other country in the world in oil, gas, and coal. I am going to talk just about gas right now because one of the big issues, of course, not just with my wife but with others, is the price of gas at the pumps. If we look at the undiscovered, technically recoverable resources just onshore, in the United States--some actually would be on public lands--it is 37.8 billion barrels of oil. Throw in Alaska and that would be 26.6 billion barrels; the Atlantic, 3.8 billion barrels; the Pacific, 10.5 billion barrels; the Gulf of Mexico, as I already said, 44.9 billion barrels. The total U.S.…”