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June 18, 2008 | Jim Lane | Comments 0

Today in Biofuels Opinion: McCain, Pelosi views

US House Speaker Nancy Pelosi of California: “The fact is there are 68 million acres onshore and offshore in the U.S. that are leased by oil companies – open to drilling and actually under lease – but not developed. If oil companies tapped the 68 million federal acres of leased land it would generate an estimated 4.8 million barrels of oil a day – six times what Arctic National Wildlife Refuge would produce at its peak. The fact is that drilling in the Arctic Wildlife Refuge wouldn’t yield any oil for 10 years-and then would only save the consumer 1.8 cents per gallon in 2030.”

Senator John McCain of Arizona: “The straightest, swiftest path to energy security is to produce more, use less, and find new sources of power. In the face of climate change and other serious challenges, energy conservation is no longer just a moral luxury or a personal virtue. Conservation serves a critical national goal. Over time, we must shift our entire energy economy toward a sustainable mix of new and cleaner power sources. Quite rightly, I believe, we confer a special status on some areas of our country that are best left undisturbed. When America set aside the Arctic National Wildlife Refuge, we called it a “refuge” for a reason. We have proven oil reserves of at least 21 billion barrels in the United States. But a broad federal moratorium stands in the way of energy exploration and production. And I believe it is time for the federal government to lift these restrictions and to put our own reserves to use.I believe it is time for the federal government to lift these restrictions and to put our own reserves to use. We can do this in ways that are consistent with sensible standards of environmental protection.”

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