Well, the oil, the oil spot, if you will, is a, is a term in counterinsurgency literature that connotes a peaceful area, secure area. So what you're trying to do is to always extend that, to push that out.
This young wine may have a lot of tannins now, but in five or 10 years it is going to be spectacular, despite the fact that right now it tastes like crude oil. You know this is how it is supposed to taste at this stage of development.
When oil and gas prices went up dramatically and filled up the state treasury, I sent a large share of that revenue back where it belonged - directly to the people of Alaska.
Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.
Yet, if we accept the solution offered today by this bill to explore and develop for oil on the coastal plain of ANWR, it will be 5 years, at least, and probably closer to 8 before the first barrel of oil flows from that effort.
We all know we have a problem, a broad problem. Ninety-eight percent of the fuel that is used by our vehicles, our autos and trucks for personal and commercial purposes, for highway and air travel operates on oil. The world has the same problem.
Since 1850, burning of fossil fuels, coal, oil and natural gas has increased 100 times to produce energy as the world has industrialized to serve the world's more than 6 billion and growing population.
You can pour holy oil and holy water on a thug until you have emptied buckets of both; but at the end he will be a consecrated thug, but a thug all the same unless interior intentions and a disciplined man are present.
What the oil producer gets paid is about 16 percent. The majority of it is tax, which in fairness to the government of this country they have accepted and admitted.
Opening the Arctic National Wildlife Refuge stands to not only increase the United States' oil reserves by nearly 50 percent, but it will create thousands of good U.S. jobs.
