We are experiencing higher gasoline, oil, and natural gas prices today because of decades of restricted development of new sources of petroleum.
From ANWR to off-shore development such as Lease Area 181 in the Gulf of Mexico, we have identified oil and natural gas reserves that can be developed and used responsibly. Yet time and time again efforts to increase supply, and reduce prices, are blocked. For instance, ten years ago President Clinton vetoed development in ANWR.
For decades, the minority party has blocked one effort after another to responsibly develop the energy resources our country possesses, transforming vast areas of opportunity into "The No Zone."
The Minority Answer is Always "No"
May 10, 2006
Because of current U.S. policy, U.S. companies are prohibited from developing oil fields that lie in Cuban waters and come within 50 miles of Florida.
However, Cuba is exploring and potentially developing these oil fields, estimated by the U.S. Geological Survey to possess more oil than the Alaska National Wildlife Refuge, and Cuba is partnering with China and other countries, such as Spain, France, and Canada.
Now, as we sit idly by, worried about development 100 miles from Florida, China is actively exploring oil fields 50 miles from Key West, Florida. U.S. companies are barred from working in this area because of U.S. policy . So, instead of allowing the most environmentally responsible companies to operate there and increase our domestic supply, China, who has a dismal environmental record, is sucking close, lucrative oil reserves dry.
Want China in Your Backyard?
May 11, 2006
Get an overview of our national energy policy directly from the Senate's Energy Committee.
This informative brochure [PDF, 560KB] highlights the key points that you should know about this important legislation.
Congress approved an Energy Bill, and the President signed the bill into law on August 8, 2005.
Learn more about our national energy policy by accessing these resources:
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