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Congress has found the nation's domestic oil and gas production is in a substantial decline and our dependence on foreign counties is unreliable. The United States currently spends over $100,000,000,000 per year for foreign energy. Within the next decade, the world production of conventional oil is expected to peak and enter a decline phase that will increase the cost of imported oil and the value of domestic oil. The Middle East is a highly volatile region of the world, upon which the United States cannot continue to grow more dependent for its energy. It is a major problem facing our society today and it is a problem that needs to be doubt with now due to the long lead time of 10 or more year required for development of a new North Slope field as well as the new problems that the United States is facing with terrorist in the Middle East. There have been several significant fields that have been discovered underlining the State lands adjacent to the 1002 area of the Arctic National Wildlife Refuge, making it a promise area.
The Arctic Coastal Plain Domestic Energy Security Act of 2001 was introduced to the House of Representatives on January 3, 2001. This bill was put into place to establish and implement a competitive oil and gas leasing program that will result in an environmentally sound and job creating program for the exploration, development, and production of the oil and gas resources of the Coastal Plain, and for other purposes. The bill is also known as H.R. 39.
The policy of the bill is to permit exploration, development, production, and transportation of the oil and gas resources in the Coastal Plain Study Area of the Arctic National Wildlife Refuge. The exploration, development, production, and transportation of the oil and gas resources of the Coastal Plain, the
Quotes talked about in this paper
- Mr. Babbitt quotes, " I strongly oppose legislation introduced in the Senate today to open the Coastal Plain of the Arctic National Wildlife Refuge to oil drilling…. ".
Terminology mentioned in this research paper
gas production, oil imports, oil production, crude oil,
Names talked about in this paper
Bruce Babbitt, Mr. Young, the representative, President Clinton,
Organizations included in this essay
Arctic National Wildlife Refuge, House of Representatives, API, IADC, Congress, National Petroleum Reserve, American Petroleum Institute, organization of petroleum exporting countries, Chico State College, University of Oklahoma, Baylor University, U.S. Department, Oxford University, Senate, Yuba Junior College,
Locations talked about in this research material
United States, Alaska, Middle East, North Slope, Oklahoma, California, Meridian,
Keywords mentioned in this research material
Coastal Plain, Arctic National Wildlife Refuge, United States, oil and natural gas, Honorable, oil and gas exploration, Energy Security Act, National Petroleum Reserve, Middle East, Don Young, oil production, conventional oil, foreign oil, crude oil, heating oil, Alaska, Brad Carson, public policy, drilling, North Slope Borough, leasing, American Petroleum Institute, Bruce Babbitt, Chico State College, resources, bills, Slope field, 1002 area, Inupiat Eskimo, energy resources, government agencies, acres, lead time, Federal deficit, jet fuel, adverse effect, local governments, President Clinton, executive agency, new economic, Baylor University, Junior College, industry, interests, law school, Oxford University, trade association, research institute, NPR A, the middle east,