Printer Friendly

API URGES SENATE TO INCLUDE ALASKA OIL EXPLORATION PROVISION IN NEW ENERGY BILL

 API URGES SENATE TO INCLUDE ALASKA OIL EXPLORATION PROVISION
 IN NEW ENERGY BILL
 WASHINGTON, Jan. 31 /PRNewswire/ -- The U.S. Senate today was urged to include in its new energy bill a provision which would allow exploration and production of oil in remote northeastern Alaska.
 In a letter to all senators, the president of the American Petroleum Institute (API), Charles J. DiBona, said that petroleum development in the coastal plain of the Arctic National Wildlife Refuge (ANWR) would reduce "unnecessary dependence on insecure sources of foreign oil" and also would "contribute to significant economic growth and to the creation of jobs."
 The letter pointed out that a study by the WEFA Group, a nationally respected econometrics firm, showed that ANWR development would boost employment in the United States by 735,000 jobs by the year 2005.
 "Development," DiBona told the senators, "would also create thousands of jobs for oil field workers and the host of service industries necessary to support life in the arctic. It would also create meaningful new employment in factories across this country at a time when American workers are anxious about their future.
 "In addition, the worker income generated would have a beneficial impact on our economy as earnings are saved, spent, invested and spent again throughout the 50 states. By contrast, when oil is imported, no domestic wealth is created, American dollars flow into foreign treasuries, and no more Americans are employed."
 DiBona said it has been proven that arctic drilling is technically feasible and can be accomplished in an environmentally sound and sensitive manner.
 "For these reasons," the letter stated, "we ask you to support environmentally responsible leasing in ANWR as a crucial component of a comprehensive energy strategy."
 The Senate is expected to begin consideration of the energy bill next week.
 A state-by-state breakdown of the jobs that would be created follows. The figures refer to jobs created by year 2005. In Alaska, peak job creation occurs about five years earlier -- reaching a total of about 38,000:
 States New Jobs
 Alaska 13,000
 Alabama 10,000
 Arizona 10,000
 Arkansas 5,500
 California 80,000
 Colorado 10,000
 Connecticut 11,000
 Delaware 2,000
 Washington, D.C. 2,500
 Florida 34,000
 Georgia 18,000
 Hawaii 2,700
 Idaho 2,400
 Illinois 33,000
 Indiana 15,500
 Iowa 6,600
 Kansas 7,100
 Kentucky 12,200
 Louisiana 14,800
 Maine 3,400
 Maryland 14,000
 Massachusetts 20,000
 Michigan 25,000
 Minnesota 13,400
 Mississippi 6,000
 Missouri 14,100
 Montana 2,100
 Nebraska 4,000
 Nevada 5,000
 New Hampshire 4,000
 New Jersey 22,000
 New Mexico 5,000
 New York 48,000
 North Carolina 19,300
 North Dakota 1,800
 Ohio 31,900
 Oklahoma 11,300
 Oregon 7,000
 Pennsylvania 34,300
 Rhode Island 3,000
 South Carolina 9,400
 South Dakota 1,800
 Tennessee 13,000
 Texas 60,000
 Utah 4,600
 Vermont 1,700
 Virginia 19,000
 Washington 12,000
 West Virginia 7,000
 Wisconsin 14,000
 Wyoming 3,000
 -0- 1/31/92
 /CONTACT: Joe Lastelic of the American Petroleum Institute, 202-682-8125/ CO: American Petroleum Institute ST: District of Columbia IN: OIL SU:


MH-DC -- DC035 -- 5848 01/31/92 18:17 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 31, 1992
Words:536
Previous Article:NATIONAL COOPERATIVE BANK RELEASES YEAR-END FINANCIAL REVIEW
Next Article:NAPPCO TREASURER SENTENCED ON FRAUD CHARGES
Topics:


Related Articles
AMERICAN PETROLEUM INSTITUTE ISSUES STATEMENT ON PROPOSED NATIONAL ENERGY SECURITY ACT
AUDUBON PRESIDENT PETER BERLE LAUDS SENATE ACTION ON JOHNSTON-WALLOP ENERGY PACKAGE
The Clinton question: will the new administration in Washington, D.C., lock up Alaska oil development?
COALITION FOR ENERGY SECURITY AND JOBS HAILS SENATE VOTE TO END BAN ON EXPORT OF ALASKAN CRUDE OIL
Oil Found in Tarn Prospect on Alaska's North Slope; ARCO, BP Agreement to Speed Kuparuk-Area Exploration
Production Started From New Oil Field On Alaska's North Slope
Companies to Increase Production from New 'Tabasco' North Slope Oil Field
Oil and the Bush administration. (Energy).

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters