Riley To Congress: Get Serious About Gas Prices

By Governor Bob Riley's Office
.

Governor Bob Riley is urging Congress to increase domestic energy production by authorizing the exploration of proven American energy reserves. “How high do gas prices have to rise before Congress gets serious?" Riley To Congress: Get Serious About Gas Prices
Published: Wed, June 25, 2008 - 12:52 pm Last Updated: Wed, June 25, 2008 - 2:12 pm
MONTGOMERY – Governor Bob Riley is urging Congress to increase domestic energy production by authorizing the exploration of proven American energy reserves.

“How high do gas prices have to rise before Congress gets serious about increasing our energy supply? For decades, our own supply of energy has been locked up and now Americans are paying the price at the pump,” said Governor Riley. “There is a better way forward. America has vast energy sources. With today’s technology, they can be brought to market in an environmentally-safe manner, and the sooner, the better.”

The Governor has written House Speaker Nancy Pelosi asking her to reconsider a decision to indefinitely postpone action on an appropriations bill because of concerns by some members that energy-related amendments could pass. Those amendments are expected to deal with removing congressional restrictions on offshore energy exploration, exploration in part of the Arctic National Wildlife Refuge and development of some of America’s vast oil shale resources.

“It is astonishing to me that Congress would deliberately fail to act on these proposals because of fear they are so popular with the American people that they would actually pass. With Americans paying a national average of $4.08 per gallon of gasoline, there is simply no excuse for inaction or delay by Congress, so I respectfully ask you to reconsider this decision,” Governor Riley wrote.

“It will take time for these policy changes to have an impact and that’s exactly why Congress should start immediately,” said Governor Riley. “For many Americans, no concern is more pressing at this time than the record high prices they’re paying for gas. They deserve a full, factual and vigorous debate on these ideas.”

The Governor says Congress should act now on the following:

Give states the option of opening up their offshore oil and gas resources.
Eighty-five percent of the areas off the nation’s shores are currently off-limits to energy exploration. Experts believe these areas contain about 18 billion barrels of oil and 77 trillion cubic feet of natural gas. These are considered conservative estimates because the data they’re based on come from the 1970s. Congress has restricted offshore access since the early 1980s.

President Bush last week called on Congress to pass legislation giving states the option of opening up their off shore resources. This would allow the federal government and the states to work together to make additional energy resources available and share new leasing revenue.

Some of that revenue, Governor Riley said, could be directed toward research on renewable fuels and alternative energy sources and on environmental protection.

Develop oil shale resources on federal lands.
Oil shale is a type of rock that can produce oil when it is exposed to heat or other processes. One major deposit in the Western United States holds the equivalent of about 800 billion barrels of oil, enough to equal 160 year’s worth of currently projected oil imports. 576 billion of those 800 billion barrels of oil are on federal lands. Congress has blocked oil shale leasing on federal lands.

Permit energy exploration in the Arctic National Wildlife Refuge (ANWR).
Of ANWR’s 19.6 million acres, this would permit energy exploration in less than 2,000 acres – about 0.01 percent of the total area. It is estimated ANWR holds more than 10 billion barrels of oil, which is the equivalent of roughly two decades of imported crude oil from Saudi Arabia. When ANWR was created in 1980, Congress specifically reserved a portion for energy development.

“When it comes to developing our own energy resources, for decades Congress has said ‘no.’ Well, ‘no’ is not an energy policy. The path we’re on now leads to irreversible economic damage and jeopardizes our national security. We need to take the necessary steps that put America in charge of her own energy future,” said Governor Riley.


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Like Riley has any room to tell someone else to get serious about a major issue that could affect citizens from here on out. How about abolishing our death penalty laws and recreating them. How about making sure that when the State of Alabama takes a life, they are not committing murder by killing an innocent man. How about finding out the truth and making sure that the victims family and the accused family has what bit of closure they can gain in knowing that the right man was brought to justice? How in the world can Riley tell anyone else to “get serious”?

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This is what we get with a very weak dollar, rising global demand, and struggling investors speculating on oil since it’s one of the only sure bets in a down market.  Although it makes us cringe to think US gas producers are so filthy rich, they aren’t the main cause here.  It’s more of a perfect storm with our economy and dollar taking a down turn at the same time global demand is going through the roof.  In my opinion we need a multifaceted approach to start helping the situation.  1) Start drilling for oil off the coast 2) Tax oil companies (not excessively) on their huge profits and apply it DIRECTLY to alternative fuel research 3) build more nuclear power plants 4) legislate out this speculative betting on oil and reduce the market to just buyers and sellers.  I know some of these are controversial, but at some point we have to do what it takes to survive since there is no perfect “green” solution at the moment.

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LPJ1959, its not the oil companies, its the stock market.  if i were you i would go check every congressman or woman that has donations from stock brokers, i did and leading the list is john kerry, look at how much chase bank (which is owner by the rockefellers who also are now major stock holders in cheveron.) chevron was founded by the rockefellers. the congressmen who are blocking drilling are the ones getting their pockets lined by stocks. the oil companies have nothing to do with it. they just want to drill its their job and they should get a profit its why we all work. its the stock market driving the prices.

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Gread is what drives the oil compinies and congress is not hurting because of the high prices of gass thay are all rich and half or all of congress is in oil so they wont cut ther on throts by lowering gass pricer they dont care if all of america is hurting because of high gass prices.
Expect no help from the goverment they dont care just keep paying them they big pay check. We are all going to have to lurn how to do without food and water and medison amd eney thing that calls for us to use gass to git it.

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Nope…once they know you will pay top dollar for something, they will exploit it to it’s fullest potential…and what may be reasonable to you and I, is unreasonable to someone else.

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The real question is if we sanction offshore and wilderness oil drilling again in the U.S. , will the oil companies ever again allow the price to fall to a reasonable level after figuring out they CAN get $4 a gallon? Has a big corporation ever had financial goals that would lower prices?

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