Authorize the exploration of proven energy reserves to reduce our dependence on foreign energy sources from unstable countries and reduce regulatory barriers to all other forms of energy creation, lowering prices and creating competition and jobs.
Energy is the stuff of life. With it, we can accomplish practically anything; we grow food, make necessities, provide warmth and shelter and comfort, education and entertainment. The Bureau of Land Management (BLM) estimates U.S. supplies at 117 billion barrels of oil and 651 trillion cubic feet of natural gas, on shore and off. This is enough oil to replace entirely our OPEC imports for more than 50 years, and enough natural gas to supply all U.S. needs for more than 30 years. That’s not counting our even more vast supplies of coal, counting in the centuries. We must no longer deny ourselves access to our most productive and affordable energy types.
The BLM found that 60 percent of the onshore federal lands with potentially significant domestic amounts of natural gas and crude are politically inaccessible. We as a nation are sitting on vast deposits of oil and natural gas that we could be using to reduce our imports. Increasingly, our coal reserves are subject to similar political constraints, even as we pour billions into clean coal technologies.
~ Tom Tanton, Pacific Research Institute