Dear Mr. Mink:
Thank you for contacting me about domestic oil supplies. I appreciate hearing from you.
I agree that we need to dramatically reduce our nation's dependency on foreign oil and oil in general. As you may know, the United States Geological Survey (USGS) is conducting a national assessment of domestic petroleum basins. This study will provide a better understanding of our current domestic oil supplies. Additionally, the Department of the Interior's Minerals Management Service (MMS) announced in April 2007 a plan to expand offshore leases off of the coasts of Alaska and Virginia and in the Gulf of Mexico. MMS is proposing five-year leases for the exploration, drilling, and development of offshore oil and gas. For more information on these leases you may wish to visit the MMS website at:
MMS Homepages
Although I strongly support reducing our dependence on oil, especially foreign oil, I believe that opening the Arctic Refuge to drilling would damage the area's environment without reducing our dependence on foreign oil or reducing the price of gasoline at the pump. According to the United States Geological Survey, the Arctic Refuge would supply less than six months of America's daily oil consumption. Furthermore, even if exploration and drilling began as early as this year, oil would not reach consumers until 2017 or later. The most optimistic estimates for the Arctic Refuge's related oil reserves would only reduce gas prices by one penny if sold in the Unites States. For these reasons, I believe that the United States should be focusing on long-term solutions to oil dependency, rather than a quick-fix that would have little benefit for consumers.
Even if oil companies were permitted to explore and drill for oil and gas on any federal land they wish, America would still be dependent on foreign oil. For this reason, I believe that investment and production of renewable energy and alternative fuels (and much greater efficiency) are the best and the inevitable solutions to our dependence on foreign oil and gas.
I am focusing on short and long term solutions that include expanding our use of renewable energy and alternative fuels. By supporting renewable energy development, improving federal energy policy and expanding tax incentives for renewable energy, thousands of jobs can be created throughout Nevada. This will help reduce pollution and promote greater energy independence, which is critical to our national, environmental and economic security. Only by aggressively introducing domestically produced clean alternative sources of energy, increasing energy efficiency of our vehicles, and making oil markets more transparent and competitive, will we achieve energy security.
Again, thank you for taking the time to share your thoughts with me. I look forward to hearing from you in the near future.
My best wishes to you.
Sincerely,
HARRY REID
United States Senator
Nevada
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