Frustrated Incorporated
I just want something simple, like the TRUTH!

Let me give you some oil data here…

According to the US Department of Energy, US oil production has fallen approximately 40% since 1985, while US consumption has grown more than 30%. So in real barrels, US oil production is now below five million barrels a day. It was approximately nine million barrels a day in 1985.

So in 23 years — and see, it’s happened slow.

The market impact here has been slow, it’s been gradual, but we’ve cut our production in half in 25 years

— and, by the way, can I ask you a question?

In doing that, in those 25 years, global warming’s gotten worse, has it not? And in those 25 years the planet’s gotten dirtier, has it not? — According to what these anti-oil people say.

In the 25 years that we have stopped producing oil by half, we have cut our oil production in half, in 23 years; in those same 23 years, the environmentalist nuts, who are behind the anti-oil movement, keep telling us how rotten things are getting, how horrible things are getting, and we’re destroying the environment; the polar bears, the planet, you name it.

We’ve been getting the blame for it! Yet we’ve cut our production in half.

And you can see one of the results of this is the price that we’re all paying for this stuff, oil-related products today.

At the same time — while in the last 23 years we have cut our production in half, the government has put billions of barrels of domestic oil and natural gas off limits to domestic exploration.

According to federal government estimates, there is enough oil in the areas that we are now place off limits, 112 billion barrels to power more than 60 million cars for 60 years without importing a drop. It’s off limits. The government, because of the environmentalists. So we’re not producing this. We’re not getting this.

We’ve cut our own actual production in half in 25 years, and they still blame us for destroying the planet.

We keep hearing about ANWR.

Had President Clinton not vetoed exploration in ANWR in 1995 — oil was $19 a barrel in 1995 — America would currently be receiving over a million barrels a day from Alaska. Experts estimate that ANWR contains 5.6 to 16 billion barrels of recoverable oil. Okay, now at $123 a barrel —

And, by the way, ten years ago they said, “Well, it will take ten years to get the first drop. We can’t do it.” It’s been ten years or more. We’d have had it, it would be online.

Now they say, “It would be ten years if we start. We can’t count on that.” There are people, elected officials — Democrats and some Republicans and entire members of the leftist environmentalist organization — who don’t want this country to be energy sufficient and independent.

The environmental movement in this country is largely comprised of — the militant and nuts realm of it, consists of — displaced communists and socialists who want this country down to size because it’s not fair to everybody.

The Outer Continental Shelf in the United States contains over 44 billion barrels of oil, and 232 trillion cubic feet of natural gas. Eighty-five percent of the outer continental shelf is off limits to domestic exploration.

Can I put it to you another way?

Forty-four billion barrels of oil and 232 trillion cubic feet of natural gas are out there just off the coast, and 85% of it is off limits to domestic production.

Yet we have this whining and moaning about dependence on foreign oil, and the resulting price increase.

In the Gulf of Mexico, there is enough natural gas to heat 60 million homes for another 160 years. Can you imagine that quantity? Sixty million homes for another 160 years! However, more than 85% of the coastal waters adjacent to the lower 48 states — which extend up 200 miles from our shores — are off limits to oil exploration.

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