Will the Senator yield for a question? It will just take 1 second. Madam President, do we understand the distinguished Senator is speaking on the Democrats' time on ANWR? The Senator is speaking on the budget, but, I say to the Senator,…
Will the Senator yield for a question?
It will just take 1 second.
Madam President, do we understand the distinguished Senator is speaking on the Democrats' time on ANWR?
The Senator is speaking on the budget, but, I say to the Senator, you are using time that is allotted for ANWR. Does the Senator understand that?
I thank the Senator.
How much time does the other side have, and how much time do we have?
And now the time goes to the Democratic side.
I yield the floor.
We object to the amendment. It is not in order. There is a consent decree.
I suggest the absence of a quorum.
Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.
Mr. President, I objected, but I understand this is a motion to strike the ANWR provisions, and we have no objection. That is business.
Is that correct, Senator?
How much time do we have?
Mr. President, I had two Senators who wanted to speak. I have not spoken yet. Would the Senator from Tennessee like to speak for, say, 4 minutes?
I will try to leave some time for the two of you. Tomorrow morning, we have a total of 45 minutes before the vote, starting somewhere around 9:45. If you don't get your time tonight, maybe you can call and see how much time you can have then.
Mr. President, let me suggest that the distinguished Senator who just spoke said she was outraged because the price of gasoline was so high in her State. I might say to the distinguished Senator, if she is outraged today, I don't know what she is going to be 3
years from now because if we don't start doing something, as President Reagan once said, ``you ain't seen nothing yet.'' That is what I am going to tell the Senate and people of this country about gasoline prices.
Let me also suggest that for those who think we are going to solve this problem with an investigation to see whether there is price fixing or something like that, let me suggest that is not going to happen. That has been looked at before. The truth is, this great United States of America has made a gigantic blunder, and we don't know how to get out of it. Certainly, one way to get into it deeper is to take a piece of America, like this 1.5 million acres which is supposed to be explored for oil and gas--and keep that kind of property closed and not produce crude oil.
Let me assure everybody here that there is no one who knows how to get off of crude oil very quickly. In fact, I don't think anybody knows how America will ever be off of oil as a means of transportation and for many other things. I hope we get an energy bill that provides conservation. I hope Americans start driving small cars. I hope we have hybrids. But for now, I say to my good friend from Colorado, every single suggestion that anyone has about how we can reduce our dependency ought to be adopted.
If you think we ought to conserve, conserve. If you think we ought to produce more crude oil, produce it. None of these potential solutions are going to be enough because we are now struggling over the fact that we are importing so much crude oil. I heard a Senator say today that we might consider ANWR if we were collapsing.
Well, we won't know when we are collapsing, but we are pretty close. Right now, we are importing about 58 percent of the crude oil from a world that is in trouble, where some countries are fragile, and war might occur in others, and here we go along our merry way importing more and more oil. Petroleum imports are expected to reach 69 percent in the year 2025. Then we get a chance to produce 1 million barrels a day, and we are immediately confronted with those who say that is not very much. Why do we want to produce a million barrels of oil? Well, you know, this great United States is consuming 20.5 million barrels of oil a day and is currently only 11th on the scale of the most reserves on down the line. We are 11th from the top in the amount of oil reserves we have in our country. That is almost insignificant compared to Saudi Arabia. Saudi Arabia ranks first in proven world oil reserves with 260 billion barrels. However, our reserves are only about 21.9 billion barrels.
I say to my good friend from Tennessee, the 1002 area we are discussing is estimated to have about 10 billion barrels of oil--that is very probable. Just do the arithmetic. Our country's entire oil reserves amount to 21.9 billion barrels. This area in ANWR will produce 10 billion barrels. Insignificant they say? Add the two together and we could have 31 billion barrels in reserves. Again, this property will comprise 10 billion barrels of it. That is one-third of the reserves of America that will be up there in Alaska, and we are being told it is insignificant. That is like saying all the oil we have in America is insignificant. Why don't we close Texas down? That must be insignificant. It must be insignificant because we buy it from the world. As long as the world can supply it, I guess we are going to have to keep on arguing about ANWR. If there are not any more ANWRs around, I don't know what we are going to look to.
I can tell you this. ANWR, with the potential for 1 million barrels of oil a day, will be the most significant onshore production capacity of any potential new onshore area in the United States--a brand new one. ANWR is by far the most promising site for onshore oil in the United States. You might say, since I learned that ANWR is so little, maybe America doesn't have much oil, and we should just not worry about having any.
I do not think so. I think we better do everything we can and must produce as much as we can.
There are so many facts indicating that we are pursuing a path of economic arrogance--we are absolutely refusing to face reality. Every time we discuss this issue someone will come and talk about another way to use less oil, but not to produce more here in America.
I repeat, if you implemented every potential solution that everybody is suggesting, our tremendous Nation would be in terrible jeopardy for the next 25 to 50 years. We already are. America, as a powerhouse in the world for good and for freedom, is totally in jeopardy because we have not decided that we are going to move in a direction of diverse energy sources and where we can produce our own.
It is so critical, in my opinion--and I say to the new Senator from Colorado--I predict that in your first term as Senator, we will be in the shale oil of Colorado again. We will be there with terrific research and experimentation saying can we convert that shale to oil because there sits oil in abundance. But you have to convert it. We tried it 30 years ago, but oil was not expensive enough. We are in such a bind, we will even look at that.
Canada will produce oil from tar sands in abundance because we have to find some way to lessen our dependence while we make a transition to something else.
I have been on the Budget Committee since a year after the Budget Act was written. I regret to tell my colleagues that everything that is used in the budgeting of America--I am going to use a terrible word-- was invented by me. It was invented by me and my staff. The first reconciliation ever used, we used it. It was a total argument about whether it was right or wrong. We won on the floor and said it was right. Every year we would use reconciliation, there would be an argument about whether it was right.
Reconciliation does not mean the bill that is adopted pursuant to it or voted pursuant to it is automatic. It still has to get 51 votes, and it still has to be signed by the President. So for those who think this is an easy way to get through the process without any of the legislative and executive input, they are mistaken. But conversely, if a Budget Committee says we need additional revenue and we would like the Energy Committee to furnish us with new revenue and then gives the Energy Committee an instruction that says produce new revenue, for example produce revenue that flows about like this: 400 million, 600 million, 2 billion in each of these years, that is what the Senate voted on when we pass a budget.
The instruction comes to the Energy Committee and it says ANWR receipts will produce a certain amount of money, therefore write a bill in response to that order. The reconciliation process then, produces that amount of revenue. That is absolutely legitimate. That is what the Budget Act has been used for in the last 27 years.
I regret to say there are some who do not think that is how reconciliation ought to be used, but they lost that argument a long time ago. That is long past. The Senate wrote an act and we are living with it. I have already told them over 50 times in the past 20 years: You said this was a way to avoid filibuster. You said this was a way to avoid prolonged debate. Now we are using it. That is what we are doing here. There is absolutely nothing that says it cannot be done.
Whatever questions you have about what else might be done, we will take them up in their proper time, and if they come up, they come up.
This one we already did. We sent it all the way to the President as a reconciled bill, and then President Clinton vetoed it after it was done. If the President had signed the bill, oil from ANWR would currently be flowing and our dependence on foreign oil would be much less.
So it seems that these letters being circulated by Senator Kerry and President Jimmy Carter, those very activist environmentalists, will have nothing to talk about tomorrow when we win this, and 4 weeks from now when we produce the bill. They have to understand, we have been trying for 24 years. A filibuster means we have to have 60 votes, unless there is a procedure which permits us to do otherwise.
I say to my friend, the Senator from Colorado, this is not simple, nor is it profound. It is very cumbersome. There is a lot to it, but it is absolutely proper. It means that if this million barrels of oil a day is important enough, we
will do it with a simple majority, but we still have to have a majority. We will put it in a bill, it will go to the President, and if the President wants to sign it, he will sign it. If he does not, it will not become law.
I do not think we ought to be accusing anybody about doing this in a tricky manner or in some untoward way because such is not the case. It just is not the case.
Tomorrow I will talk, for those who want to listen, about why we will do so little harm, if any, to the environment, and why there is no project, including Prudhoe Bay, that we can go see that shows what this is going to look like with new technology. There are none. It is absolutely so different from what we have ever done before that it is going to be amazing.
I close by saying those of us who went to Alaska saw a production facility called Alpine. The Senator from Tennessee, Mr. Alexander, did not go with us. I wish he had. The 96 acres of land at Alpine had upon it the entire oil production facilities--the oil wells, not one but several so close together that it looked almost like a row of outhouses at a public park. Each outhouse has a well in it--that is how little it was--an oil well. Each oil well had six or eight wells underground.
I will show one of those tomorrow. That little 96 acres had no roads. Instead, ice roads were built in the winter that simply melt away in the summer. In the summertime, there are no roads to it because they have melted. The facility produces 120,000 barrels of oil a day because under that little piece of property are wells that go down 7,000 feet, find the oil, and go up 4\1/2\ miles and drain the field. There is another one that goes down, and there are five new wells sprout out from under it, and coming out of the wellhead is 3,000 to 4,000, 5,000 barrels a day from one well. They have been getting that for a long time.
It seems to me that it is rather ironic that we are all here talking about a crisis. We are suggesting it is not a big enough crisis to worry about a million barrels a day. We are also suggesting that we ought to do other things. This Senator has been here a while. First, this is the proper way to do it. Second, if anybody has another proposal for a million barrels of American oil, let's have it. It would be tremendous if we had a few more. If anybody knows how to conserve and pass through Congress a measure that would cause us to conserve 2 million or 3 million or 4 million barrels a day, put it on the table. It is not that if we did that we do not need this. We need them both.
I ask for an additional 30 seconds, Mr. President.
We worry about China bringing in all this, but almost 26 percent of the balance of trade is pure oil. We can stop the imbalance with China and continue to buy oil, and we will have a trade imbalance that is still going up, and we will be wondering whether we need a million barrels of oil a day from an area that is supposed to be explored that some do not even want to allow us to look at. I believe the time has come. I hope it is tomorrow.
I yield the floor.