A Quote by Frank Murkowski

Alaska has great potential for new oil and gas development. — © Frank Murkowski
Alaska has great potential for new oil and gas development.
The Coastal Plain of Alaska has great potential for energy development. Americans have paid record-high prices for oil and gas in the year 2005.
Gas prices in many parts of the country are nearing $4 a gallon; it could get even worse as unrest spreads throughout the oil-exporting Middle East. Yet the Obama administration once again seems to see no crisis. It has curtailed new leases for offshore oil exploration for seven years and exempted thousands of acres in the West from new drilling. It will not reconsider opening up small areas of Alaska with known large oil reserves.
The foreign companies, especially oil prospects and development companies, have been in Nigeria for about two generations - 40 years and above and so on. So, they know the environment. They stayed that long. They continue to invest because they know the potential Nigeria has in oil and gas and the capacity of the people to learn and work hard.
The development of oil and gas resources depends more on capital than labour, and exporting oil and gas neither generates maximum returns from these precious resources nor creates large numbers of jobs within the local economy. As a result, the benefits are typically not shared broadly across society.
Not everyone agrees the bears should be protected. Hunters, oil interests, even the state of Alaska has questions about the effects protection would have on oil and gas exploration and commercial shipping. But for many others, the bears are a symbol of a bigger crisis threatening the planet.
What people unfortunately relate to when they think of Alaska oil was when the Exxon Valdez went aground because of a captain that was drunk. But when you look to how we have been safely producing and moving Alaska's oil for decades, it is a track record that is enviable.
What is the most entrepreneurial country in the Middle East today? It's Lebanon. Which country has no oil or gas? Lebanon. The same was true of Israel, the same was of Bahrain. You could see a real gradation. Turkey, for instance: no oil and gas, very entrepreneurial. You can either dig your future out of the ground or you can unlock the potential of your people.
When oil and gas prices went up dramatically and filled up the state treasury, I sent a large share of that revenue back where it belonged - directly to the people of Alaska.
We are considering various ways of making use of our oil and gas downstream industries. This is to be complemented with the import of oil and gas from other sources as raw materials.
We should start by allowing drilling in Alaska's National Wildlife Refuge. It can provide billions of barrels of recoverable oil and trillions of cubic feet of recoverable natural gas.
In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.
We want to see oil and gas regulations on a continental basis given the integrated nature of this industry, with the current conditions in the oil and gas sector, this government will not consider unilateral regulation.
Venezuela has the biggest oil reserves in the world. And the biggest gas reserves in this hemisphere, the eighth in the world. Venezuela was a U.S. oil colony. All of our oil was going up to the north, and the gas was being used by the U.S. and not by us. Now we are diversifying. Our oil is helping the poor.
I hope a start at getting some oil out of the enormous Alaska field isn't indefinitely mired in a bureaucratic morass as a result of our national concern for the ecology. This concern must not be so misguided, misdirected, misused that it serves to stop economic growth, to bankrupt companies, to stifle new development, new jobs, new horizons. In fighting new pollution and stemming present pollution, exciting, sometimes costly means and methods exist and others will evolve. But blanket legislative naysaying to expanding power and energy sources is stupid, self-defeating.
I've said it before and I'll say it again. The U.S. Geological Survey has told me that the proven potential for oil in Alaska alone is greater than the proven reserves in Saudi Arabia.
The momentum of Asia's economic development is already generating massive pressures for the exploration and exploitation of new sources of energy and the Central Asian region and the Caspian Sea basin are known to contain reserves of natural gas and oil that dwarf those of Kuwait, the Gulf of Mexico, or the North Sea.
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