A Quote by Sam Graves
The majority of ground in the U.S. is owned by the federal government, and right now, very little of it is accessible to anybody that is trying to produce oil and gas, and we need to be opening that up.
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About half of all potential future global warming emissions from United States fossil fuels lie in oil, gas and coal buried beneath our public lands, controlled by the federal government and owned by the American people - and not yet leased to private industry for fuel extraction.
Relative to oil, however, natural gas is very cheap and very attractive. And I think that natural gas in emerging markets is very attractive. There is very little natural gas infrastructure in places such as China, where there is tremendous demand for natural gas.
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.
We need to replace coal with gas. We need to leave oil in the ground.
For the last 50 years, the federal government has taken out of the Gulf Coast $165 billion in taxes that came from oil and gas off of our coast that went to the federal Treasury, to rebuild all places in America except the place that it came from.
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.
Actually we're not hearing a lot about gas prices right now from constituents. And I think that reflects a growing understanding on the part of the public, that there really is very little that the government and politicians can do.
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.
You know just because the majority thinks something is right, doesn't make it right. So, that is up to us, the people that see the wrong, that see the injustice, that stay educated, stay informed, stay involved. And there's an old phrase 'the squeaky wheel, gets the oil.' Right now, our wheels aren't very squeaky; the other side, they're the ones making all the racket...We just have to get up, stand up, speak out, and don't be silent.
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.
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.
And the issues I think are important in Louisiana right now happen to be health care and education. And those are two areas that the federal government can play a very important role. And I think I can be effective in trying to help our state from the Washington scene.
Certainly, cutting spending is one of the things that can transcend to the federal government. I mean, I think the federal government has grown by leaps and bounds, and they need to look where do they need to cut.
Dubai has got very little oil; it is Abu Dhabi that has got the oil. Dubai has very small resources, and it is running out, so the government's plan has been to relieve Dubai of any dependency on oil at all by 2010.
If anybody is so mad at Vladimir Putin, you know what they could do? They could advocate for a gas tax. He gets all his leverage from selling gas and oil. If we had a gas tax that made that less palatable, he would be less of a player on the world stage.
The Russians can't change us or significantly weaken us. They are a smaller country. They are a weaker country. Their economy doesn't produce anything that anybody wants to buy, except oil and gas and arms. They don't innovate. But they can impact us if we lose track of who we are.
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