House Natural Resources Committee Report: The Truth About America’s Energy
http://www.bluestemprairie.com/a_bluestem_prairie/2008/06/house-natural-r.html
_ On the Outer Continental Shelf, 82% of federal natural gas and 79% of federal oil is located in areas that are currently open for leasing.
_ Onshore, 72% of oil and 84% of natural gas resources are either fully accessible under standard lease stipulations designed to protect lands and wildlife, or will be accessible pending the completion of land-use planning or environmental reviews.
_ Between 1999 and 2007, drilling permits for oil and gas development on public lands increased more than 361%.
_ Since 2004, the Bureau of Land Management has issued 28,776 permits to drill on public land; in that same time, only 18,954 wells were actually drilled.
_ Oil and gas companies have stockpiled nearly 10,000 extra permits to drill that they are not using to increase domestic production.
_ Onshore, of the 47.5 million acres of federal lands leased by oil and gas companies, only about 13 million acres are actually producing oil and gas.
_ Offshore, only 10.5 million of the 44 million leased acres are currently producing oil or gas.
_ Combined, oil and gas companies hold leases to nearly 68 million acres of federal land that are not producing oil and gas.
_ The 68 million acres of leased, inactive federal land could produce an additional 4.8 million barrels of oil and 44.7 billion cubic feet of natural gas each day.
_ That would nearly double total U.S. oil production, and increase natural gas production by 75%.
_ 4.8 million barrels of oil equals more than six times the estimated peak production from the Arctic National Wildlife Refuge.
_ Development of and production from the 68 million acres currently under lease but not in production would cut US imports of oil by one-third.
There's much more and a link to the majority report of the House Committee on Natural Resources. Check it out and spread the word.



