Word: murkowskis
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...Alaska senator Frank Murkowski, chairman of the Senate Energy and Natural Resources Committee, has a 300-page plan, at a cost that the Congressional Budget Office is still calculating, to reduce U.S. dependence on foreign oil from 56 percent to 50 percent and set Americans free of pesky high energy prices forever. How? More oil - more drilling, more exploration. More natural gas, too, more windmills and more solar panels. And did we mention more...
...ANWR: This is the centerpeice, and at least Murkowski's no NIMBY-pamby - the Alaska National Wildlife Refuge is as close to his backyard as anyone's, and he, like Bush, is convinced that its black bounty, anywhere from 3.2 billion to 16 billion barrels of extractable oil, is well worth what advocates say will be minimal environmental damage. Says Murkowski: "The reality of ANWR is that if you are looking to increase supply, you look at where you are mostly likely to find...
...credits and subsidies: The trick to beating supply pinches, Murkowski figures, is keeping the wells pumping in times of plenty. Oil companies that deal with small-scale wells would be awarded tax credits when prices fall, as a way to provide an incentive to keep such wells operating. The bill would also reduce the federal royalties big energy companies pay when the prices of oil and natural gas fall below a certain level...
...Saddam et al.: Murkowski himself prefers to talk about "unstable nations" like Iran and Iraq, and the possibility of the U.S. being held hostage by Middle East malcontents. (The United States imports 750,000 barrels of oil a day from Iraq, a country which it frequently bombs...
Very few of the people in Washington with their finger on the panic button have ever seen the Arctic National Wildlife Refuge. (Murkowski is planning to lead a Senate delegation here when the weather warms up.) For those who do travel to Alaska's far north, the experience stretches the imagination. To visit a new drilling station in Prudhoe, one that extends only a few acres on the surface but can access 75 square miles underground, or fly over a convoy of trucks spraying water on the tundra to form ice roads strong enough to bear the weight of mobile...