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Quoting CNBC (be sure to click the link and view the associated video):
“ A congressional subcommittee struck down an important bill, which could have opened up reserves [in the Outer Continental Shelf] worth billions of barrels of oil and trillions of cubic feet of natural gas, on Wednesday [6/11/08].”
It was a purely partisan vote with Dims, once again, blocking access to our own tremendous domestic energy resources.
The mean estimate for our Outer Continental Shelf alone is 86 Billion Barrels of oil. That is FOUR TIMES our current proven reserves and it is more than the entire proven reserves of 14 of the 20 countries listed on the following chart:
As long as Congressional Dims refuse to allow access to our own domestic resources, prices at the pump will remain artificially high. It is economics 101, supply and demand.
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