Washington, DC – House Resources Committee Chairman
Richard W. Pombo (R-CA) praised the Bush Administration today for continuing
Pombo’s work to end America’s foreign energy habit by using alternative oil
recovery techniques to produce an additional 89 billion barrels of U.S. oil
and by encouraging production of huge amounts of natural gas in gas
hydrates.
Pombo included directions in the Energy Policy
Act of 2005 to encourage domestic oil production using enhanced carbon
dioxide recovery techniques, which injects the gas into mature fields to
recover large amounts of oil that would otherwise remain unreachable. The
Chairman also included directions to encourage production of natural gas
hydrates, deposits that hold far greater supplies of natural gas than exist
in conventional U.S. resources.
“I am pleased President Bush and his
Administration are following through on my plans to end our foreign energy
reliance by using American talent, technology and resources to increase
American energy supplies and lower prices for families and businesses,” said
Pombo. “Taking a collective look at the amount of oil and natural gas we
could produce from these unconventional sources, the energy locked in our
deep ocean waters and the trillions of barrels of oil in our oil shale
reserves, I know these resources can help North America become ene rgy
independent by 2025. We must tap American ingenuity to make the
unconventional energy of today the conventional energy of tomorrow.”
This week the Department of Interior published
an
advanced notice of proposed rulemaking seeking comment on a program to
encourage enhanced oil recovery. The Department of Energy recently released
reports indicating the technique could produce 89 billion new barrels of
technically recoverable U.S. oil, with the potential to add 430 billion
barrels as technology improves. This would put America at the front of
world oil production, ahead of Iraq and possibly ahead of Saudi Arabia.
The carbon dioxide recovery method also
presents environmental benefits. By taking carbon dioxide from the Earth’s
atmosphere and putting it into the ground, the potential to decrease the
amount of carbon dioxide in the air could provide even more incentive for
companies to pursue this technique.
“This method of recovery is a win-win
situation,” Pombo continued. “It shows we can help the environment and still
meet the energy demand that keeps the American economy on top.”
Separately, the Department of Interior also
requested comment on a new program to encourage natural gas hydrate
production. The U.S. Geological Survey estimates that the nation’s natural
gas hydrate resource could total as much as 200,000 trillion cubic feet of
natural gas.
Congressman Richard W. Pombo represents
California's Eleventh Congressional District. Congressman Pombo is Chairman
of the House Resources Committee and serves on the House Agriculture
Committee.
For more information on Congressman Richard W. Pombo and his work for California
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