ANSWER OPTION: It's time for more domestic exploration and production. Increased exploration and drilling for oil will cause oil prices to fall, thereby enhancing U.S. energy security.
CANDIDATE'S POSITION: It's time for more domestic exploration and production. We have over 100 billion barrels of oil reserves (not including oil shale) that we should access to reduce our dependence on foreign oil. Unfortunately, Congress has restricted domestic exploration. Curtailed supplies have combined with rapid, world-wide energy demand to increase the price of oil. This provides leverage to foreign producers and threatens U.S. energy security. Increased exploration and drilling for oil will cause oil prices to fall, thereby enhancing U.S. energy security. The production potential from the 2,000 acre coastal plain of ANWR is estimated to be one million barrels per day. We currently import almost 10 million barrels per day, so ANWR production alone would reduce our dependence on foreign oil by more than 10%. (More Info)
ANSWER OPTION: We should roll back oil industry tax breaks while requiring oil companies to pay royalties already owed to taxpayers and also invest in alternative energy sources such as invest in wind, solar and natural gas.
CANDIDATE'S POSITION: The Comprehensive American Energy Security & Consumer Protection Act will roll back oil industry tax breaks in a time of record oil company profits and require oil companies to pay royalties already owed to taxpayers; invest in wind, solar and natural gas, 21st century energy sources to create Minnesota jobs; responsibly open up additional offshore areas for drilling with oil companies footing the bill instead of taxpayers; and release oil from the government's stockpile to bring down gas prices. (More Info)