Live Breaking News & Updates on Oil Independence|Page 12
Stay updated with breaking news from Oil independence. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
the facts are clear. we re drilling more on private land, and this year up about 55%. if you look at federal lands which by the way holds literally maybe a trillion barrels of oil. not only give us independents, oil independence for the next 200 years, we re down 300,000 acres and let s not talk about the off shore drilling because we had to make a 18-month ban that we could have solved the problem off shore in a lot of different ways than banning and clearly the facts are that with the trillion dollars of barrels out there. we re going after a little small part and we re holding our supplies off the marketplace. is the issue here, jehmu, public versus private and we re drilling a lot on the private, private acres. what about the public? the reality is in the last three years, brenda. we have opened up millions of acres for drilling across 23 states. this administration has also led to record numbers of oil rigs, we re at 75%, and i ....
Trucks. and that s going to save the average family $8,000 over the life of a car. and it s going to save a lot of companies a lot of money, because they re hurt by rising fuel costs as well. all of these steps have helped put america on the path to greater oil independence. last year we imported one million fewer barrels per day than the year before. think about that. america, at a time when we re growing is actually importing less oil from overseas because we re using it smarter and more efficiently. america is now importding more than half. we have got to make sure that we ....
Fundamentals, but by the financials. we are a bit of a victim of our own success in terms of our recovery. the stock market is up almost 9% since the beginning of the year. oil prices now slavishly follow the prices of every other asset class that is out there. because of the amount of finalization of people bidding on the price. they want to own oil the way they want to own stocks and bonds. i want to turn from the markets to washington, d.c. we have, well well, in oregon, we have democratic senator jeff merkley of oregon. in 2010, senator merkley introduced the oil independence for a stronger america act. welcome, senator. great to be with you. senator, first of all, i want you to explain to us why you aren t, quote, lying as the audience said to president barack obama, if you are coming before us today to tell us how you, as a politician, are going to lower the cost of gas. well, basically, we re taking a long-term strategy to end our ....
Million to do the stations on the interstates and everything. it s going. so you save $2 a gallon. you re out there running an 18 wheeler and you re using 30,000 gallons a year and you save $2. $60,000 you can save in one year on fuel. and it s 30% cleaner. it s if honestly, if we do not do this, we re going to go down. if we don t get on our own resources in america, they re talking ant now exporting natural gas. can you imagine exporting clean, domestic for dirty opec? unbelievable. do us a favor. don t give up. oil independence. don t give up. don t give up. let s make a deal. all right. i ll hang in there this year. but we ll talk before the end of the year. okay. sounds great. we ll do it. i won t bail out. don t bail out. thank you very much. up next, we have the sweet sounds of herman cain. ....
He he s talking about that. martha: yeah, and that s the thing that i think is a potential home run with a lot of his constituencies, when you talk about oil independence and that this oil comes from canada, and it gives us the potential to, you know, sort of plumb this relationship with an ally, doesn t that sell even with his base? no, it does not. and the environmental groups want him investing in windmills and solar, and they have they apparently believe the american people are so stupid that they don t understand these alternate energy sources are marginal at best. when meanwhile, we are sitting atop the greatest energy resources in the world. as i said. we ve got to exploit them. this president, with a stroke of the pen, could get this country moving again. instead, he s choosing to be an idealogue, he talks in many different directions but a way forward, he can t seem to find when it comes to energy. martha: it has to be signed off on by the state department, i assume, ....