American Energy Needs
Let me just say that some Members of Congress do more work than others, and I want to congratulate you on taking the time and making the effort to get Members on record as to how they feel about drilling for oil and natural gas to get our…
Let me just say that some Members of Congress do more work than others, and I want to congratulate you on taking the time and making the effort to get Members on record as to how they feel about drilling for oil and natural gas to get our energy prices down and get the price of gasoline at the pump down. You are to be congratulated. I watched you on television the other night, and I just wish you had more time to get into more of the details because what you say on the floor ought to be heard by people all across this country.
I took a 5-minute special order before this one, and I didn't get a chance to go into some of the issues in depth that the American people ought to know about because they hear so much on both sides of the aisle. On that side of the aisle they say, oh, my gosh, the oil companies have so many leases, they ought to drill on those leases, both on American soil and also on the Outer Continental Shelf.
The fact of the matter is there are an awful lot of leases already out there, given to the oil companies, but they are not going to drill in those areas unless they know there is oil there. And that's why there are seismic tests that take place. And those tests don't take place until they get the lease. And that lease is for 5 to 10 years. If they don't move on that lease within 5 to 10 years, then they have to give the lease up and it is re-bid, and somebody else might go for that lease.
But chances are they will do everything they can to find oil in that 5 or 10-year period because they don't want to lose a lease that has a lot of oil within it. So they do seismic tests to find out if there is oil there.
If they drill on a lease that is next to another lease, sometimes they do test drills, if it looks like it is a promising lease or leases around that area, they
are going to drill on all of them. When they drill for oil off the Outer Continental Shelf or on the Continental Shelf, it costs $2 billion, up to $2 billion to erect a platform and a derrick and the drilling process, to drill down and get that oil out of the ocean.
An oil company is not going to do that unless they think that there is oil down there. Why would you spend $2 billion unless you know there is oil there. That's why they get the leases and do the seismic testing. Once they do the seismic testing, if it looks like there is oil there, then they drill. They have to go through a very strenuous program of getting more and different kinds of leases so they can drill. But once they find there is oil on those leases that are already available, they will drill there because they want to get the oil, they want to make the money.
The problem we have is we are only using 3 percent of the Outer Continental Shelf. The other 97 percent we are not drilling on. That really is troubling because there may not be an awful lot of oil in that 3 percent where they have the permits right now. But the other 97 percent, we know there is oil out there.
I would like to give a couple of facts that I think my colleagues and the people of this country ought to know.
We use 21.5 million barrels of oil a day. ANWR, and I think my colleagues talked about this, is the size of Dulles Airport. You're not going to kill the environment of Alaska if you drill in the ANWR. Alaska's almost three times the size of Texas, and the size of the Dulles Airport is not much bigger than Capitol Hill here, and we could drill there in an environmentally safe way and get up to 1 to 2 million barrels of oil a day.
ANWR has 10.4 billion barrels of oil, more than double the proven reserves in Texas. And in April, the U.S. Geological Survey announced there was estimated, now get this, 3.65 billion barrels of oil and 1.85 trillion cubic feet of natural gas in Montana and North Dakota.
On our coast lines there's 8.5 billion barrels of oil and 29.3 trillion cubic feet of natural gas. And you can go on and on and on and on. We have the gas. We have the oil necessary to become energy independent. We can get it in an environmentally safe way. And as my colleague from Georgia has said time and time again, we need to go after it.
We shouldn't be giving our money to the Saudis. They're not our best buddies. They're supporting these madrassas that teach Wahabiism, which is a radical form of Islam, all over the world. And they're using our money that they get from us buying the oil over there, and we can get this energy right here in America. And we can also, as my colleague has said, bring the price of gasoline down. And that's what I think Americans want all over this country.
The problem is, they may be confused because this young lady that was just down here, a new Member, she came down and started quoting all these statistics like there's this many leases and that many leases and why aren't they drilling there because they can drill.
You're not going to drill unless a seismic test shows there's oil and you do a test well in the ocean. You're not going to drill on land unless there's a study that shows that there's oil down there. We know that there's oil in the ANWR and so we ought to drill there.
All I can say to my colleague and to anybody that's paying attention across this country is that we need to get all of the Congressmen on board. My colleague's working his tail off to get it done. We need to get everybody on board so we can drill for oil and natural gas in this country, get the price of energy down, get the price of gas at the pump down to way below where it is now. And we can do it, but what we have to do is get every Congressman in this body on board and in supporting drilling in America. We can do it.
And the American people have done it in the past. They've written letters in when we tried to hold, when we tried to tax the interest on their savings in the banks, they sent us cards that looked like snow coming down in this place. And we ended up reversing ourselves and saying we weren't going to tax or collect taxes at the bank when they got interest on their savings. They didn't like that.
So if the American people, and I say this to my colleague from Georgia, if the American people want us to drill in America they need to contact their Congressman and say get on with it. Quit messing around. Drill for oil here. We want to be energy independent. We've been talking about it for over 30 years. It's time to act.
With that, I appreciate the gentleman yielding.
Let me just say to the gentleman from Georgia, he mentioned that we haven't built any new oil refineries since the late 1970s, and he's correct. But there's one other thing that he didn't mention. I know he knows this.
In 1981 we had 324 oil refineries. Today we have 148, less than half. There's no way that we can handle the oil that we could get out of the ground to lower the price of gasoline unless we build new refineries. And we've come up with an idea to put it on some of these closed military bases around the country, and our colleagues on the other side of the aisle have not seen fit to agree to that.
Yes.
Along those lines, they say, well, it's going to take 10 years if we start drilling. It's going to take 10 years if we start refining it. I don't think that's the case. Most people think in 2 or 3 years we could really be pumping a lot of new oil out of the ground if we were allowed to drill for it, and we could refine it and get it in the gas tanks of the people across this country.
But even if it did take 10 years, when do we start? We were talking about this back during the Carter years in the late seventies. That's 30 years ago. And we haven't done a darn thing about it.
If we're going to keep the cost of energy down, with the demand for energy growing at a very rapid rate around the world, China wants more, everybody wants more oil to expand their economies, building new roads and everything else. There's a war going on right now for the oil that's available, the energy that's available in this world. If we're going to be able to keep pace, which will help us economically, and, in fact, maybe save us economically, we're going to have to drill in America for oil and gas. We're going to have to get on with the program.
I can't talk to the American people, but if I were talking to the American people, like my colleague from Georgia would like to do, I'd tell them get on with it. Call your Congressman. Write them. Sign all these petitions and tell them we want to be energy independent; we want to drill here in America.
If the gentleman would yield, first of all, I would really appreciate if I could get the information on natural gas that you just gave us tonight because I was aware that it was a major problem, but I didn't know it was as big a problem as it is and is going to be.
And I'd just like to say something about the polls that show that people are becoming more and more concerned about energy and natural gas and gasoline.
The people are ahead of Congress. The majority, not too long ago, were saying environmental concerns were by far the biggest problem that we face. Now, seventy-some percent are saying, hey, we want to clean up the environment but at the same time we want to keep the economy moving and we want gasoline at a price we can afford and natural gas at a price we can afford. And so seventy-some percent now say drill in America. They know. They see it.
And if our Congress doesn't do something about it, as you said, we're probably going to suffer the consequences. I will make a prediction. At that point, there will be a knee-jerk reaction and they will throw everything to the wind, say drill everywhere, do whatever it takes, but at that point, it is going to take a long time to catch up, and our economy could suffer tremendously.
I'd just like to make one more comment about the Persian Gulf. The Persian Gulf is a tinderbox right now. We don't know what Iran's going to do. If Iran develops a nuclear capability, there may be a major war over there because Israel is not going to want to be threatened like they are threatened, and we could end up seeing a couple of ships sunk in the Persian Gulf and see a large percentage of our energy stopped flat, stopped. And if that happens, we're not going to have the energy to keep this economy moving immediately, immediately, not to mention the problems that you were talking about a minute ago.
I'd like for you to explain to me, if it's okay with the gentleman who has the time, I'd like you to explain to me why the United States can't be completely energy independent. Because when I look at these statistics on the trillions of cubic feet of gas that's there and the billions of barrels of oil that's there, it seems to me that if we just dealt with our own resources, we could become almost energy independent.
I guess the point I was trying to make is I know it would take a long time because we are behind the curve, but if the United States got with the program like we should have back in the seventies, we could be almost energy independent right now.
I wish you would really stress that point and the gentleman from Georgia would stress that point that natural gas 10 years ago was $2.
And oil was how much?
And now it's 14 times that.
Unbelievable.
America is a can-do Nation and we need a can- do Congress. And right now, the Congress, and both the House and the Senate, which is controlled by the other party, they have a we-can't- do, we can't do this, we can't do that. As a result, we're going to be short of energy, and the cost is going to go through the roof, and the cost of gasoline per gallon is going to go up, I believe, even further.
What the American people I think need to do is call their Congressman and Senators and say, hey, we want a can-do attitude, start drilling, let's get energy independent.
I wish you'd hold that chart up again that shows how big the ANWR is. I think the American people are under the impression that the ANWR is a huge place. It's the size of--you said Reagan airport, I said Dulles, but airports are airports.
The very small part of the yellow at the top is where ANWR is.
They have twice the amount of oil there that they have in Texas, and I just cannot understand why we're not drilling there.
Well, let me take just 1 minute and say that this is a critical issue. The American people know it's a critical issue, but I don't think they know how critical it is or how critical it's going to be, the natural gas, the gasoline, the lack of energy, the lack of electricity, possibly, if we don't get this.
And so, you know, it is a critical time for us. And the American people really need to contact their Congressman and their Senators and let them know that they want to move towards energy independence by drilling here in the United States. We have the ability to move toward energy independence. We have the ability to lower the price of gasoline. We have the ability to lower the price of energy that's going to be needed to heat our houses and our businesses this winter, but we're not doing it. And if we don't get with it, as both my colleagues have just said, we're going to reap the whirlwind. The economy is going to really suffer. It's not going to just be individuals, it's going to be the entire country.
I thank the gentleman for yielding.
Let me just add one thing. Each one of those drilling sites, if they drill and they find oil, it costs up to $2 billion to drill there. And if they're not going to make any money, they're sure not going to do that.