With only 2 percent of the world's proven reserves of oil, we in the United States can pump until we are blue in the face and it will not change the fact that we need more diverse and more secure sources of energy.
The largest mistake would be to start to move away from petroleum, a proven and economic energy source, to more speculative and expensive sources...The world will eventually leave the age of oil, but there is no geologic reason for this to happen until near the end of the 21st century.
We consume about 25 percent of the world's oil every year, but we only have reserves, including that which has not been pumped, of about 3 percent of the oil reserves in the world.
Opening the Arctic National Wildlife Refuge stands to not only increase the United States' oil reserves by nearly 50 percent, but it will create thousands of good U.S. jobs.
According to one study by the United States Geological survey, 86 percent of oil reserves in the United States are the result not of what is estimated at the time of discovery but of the revisions and additions that come with further development.
The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.
Even as we work to develop more sources of petroleum for the United States, we must continue our vigorous pursuit of alternative fuels, so that we can be powered by cleaner, more efficient sources of energy.
With only 2 percent of the world's oil reserves, oil isn't enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy. A strategy that's cleaner, cheaper, and full of new jobs.
We're gonna be using American produced, American energy that will create jobs in the United States, will create a far more secure source of energy for us and will make us better environmental stewards because we will be contributing less to climate change and burning much cleaner fuel.
Although the United States cannot unilaterally lower the price of oil, it can reduce its consumption by using oil more efficiently and by developing alternative sources of fuel.
We have the resources and technology to produce more energy than we consume and break our long-standing dependence on foreign sources of oil. All we need is the will. In fact, there's a path to follow, one that North Dakota blazed over the last decade by building a comprehensive energy plan we called Empower North Dakota.
We consume about 25 percent of the world's oil. We only have 2 percent of the reserves.
Authorize the exploration of proven energy reserves to reduce our dependence on foreign energy sources from unstable countries and reduce regulatory barriers.
As long as the United States - and the world - gets its oil from the Middle East, we will be drawn into the endless crises that seem endemic to the region. American energy independence would not only liberate us, it would also drive down the worldwide price of oil.
By some estimates, the oil you recently discovered off the shores of Brazil could amount to twice the reserves we have in the United States. We want to work with you. We want to help with technology and support to develop these oil reserves safely, and when you're ready to start selling, we want to be one of your best customers.
By encouraging conservation, increasing investments in clean, renewable sources of energy, and promoting increased domestic production of oil and gas, we can build a more secure future for our country.
The United States need to be focusing more on creating a more secure, more reliable, more robust, and more trusted internet, not one that's weaker, not one that relies on this systemic model of exploiting every vulnerability, every threat out there.