A Few Facts on Energy

A FEW FACTS ON ENERGY -- (House of Representatives - July 09, 2008)

(Mr. WILSON of South Carolina asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. WILSON of South Carolina. Mr. Speaker, here are a few facts on energy I would like to share. America currently has an estimated 175 trillion cubic feet of natural gas and 1.1 trillion barrels of oil that is off-limits to exploration. In ANWR alone, there is an estimated 10.4 billion barrels of oil. Currently 85 percent of the lower 48 Outer Continental Shelf energy resources remain under the lock and key of the Federal Government. Only 6 percent of the 700 million acres of federally owned subsurface mineral estate has been leased for oil and glass exploration.

The estimated Federal revenue that would be generated by opening up these lands that are currently off-limits to leasing is upwards of $60 trillion. Americans support exploring for these resources and breaking America's dependence on foreign oil. The American people are demanding Congress take action. That is why House Republicans will continue to fight for an all-of-the-above energy plan that will produce more American-made energy while investing in alternative fuels and promoting conservation.

In conclusion, God bless our troops, and we will never forget September the 11th.

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