On the recordJune 18, 2008
One is, there's 4.8 million barrels of oil per day every day that would be available underneath those 68 million acres. That's the number, 4.8 million barrels per day every day. These are 68 million acres that are currently leased to oil and gas companies. Now, presumably the oil and gas companies would only choose to purchase a lease if there was some possibility that there was oil and gas underneath there. And as I've said, the estimated oil and gas--or oil, at least--that's under there is 4.8 million barrels per day. But that's the key point; these aren't just 68 million randomly chosen acres, these are 68 million acres that the oil and gas companies themselves chose to enter into a lease agreement so that they can drill for oil and gas. That's the key point. And they're not doing it.
Source
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