[Congressional Record (Bound Edition), Volume 154 (2008), Part 8]
[House]
[Page 11458]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   UNLOCK AMERICA'S ENERGY RESOURCES

  (Mr. STEARNS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. STEARNS. A new Gallup Poll shows that 57 percent of Americans 
agree with House Republicans and favor more energy exploration in the 
United States. America needs fewer restrictions on domestic sources of 
oil. The U.S. remains the only oil-producing nation that has placed a 
substantial amount of its energy potential off limits. This includes 
just 100th of 1 percent of Alaska's 20-million Arctic National Wildlife 
Refuge. This small portion of ANWR is believed to contain 10 billion 
barrels of oil, or more, an amount equivalent to 15 years of imports 
from Saudi Arabia or 30 years of imports from Hugo Chavez. The 
Congressional Research Service estimates that at $1.25 a barrel, ANWR 
would deliver $192 billion in corporate income tax and royalty revenue 
to the Federal Government.
  Even more oil is located in other restricted areas throughout the 
United States, and still more, Mr. Speaker, in the 85 percent of 
America's Outer Continental Shelf, that is currently off-limits.
  We need to favor more exploration.

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