TOP 10 REASONS TO SUPPORT DEVELOPMENT IN ANWR
1. Only 8% of ANWR Would Be Considered for Exploration Only the 1.5 million acre or 8% on the northern coast of ANWR is being considered for development. The remaining 17.5 million acres or 92% of ANWR will remain permanently closed to any kind of development. If oil is discovered, less than 2000 acres of the over 1.5 million acres of the Coastal Plain would be affected.
2. Revenues to the State and Federal Treasury Federal revenues would be enhanced by billions of dollars from bonus bids, lease rentals, royalties and taxes. Estimates in 1995 on bonus bids alone were $2.6 billion.
3. Jobs To Be Created Between 250,000 and 735,000 jobs are estimated to be created by development of the Coastal Plain.
4. Economic Impact Between 1980 and 1994, North Slope oil field development and production activity contributed over $50 billion to the nations economy, directly impacting each state in the union.
5. America's Best Chance for a Major Discovery The Coastal Plain of ANWR is America's best possibility for the discovery of another giant "Prudhoe Bay-sized" oil and gas discovery in North America. U.S. Department of Interior estimates range from 9 to 16 billion barrels of recoverable oil.
6. North Slope Production in Decline The North Slope oil fields currently provide the U.S. with nearly 25% of it's domestic production and since 1988 this production has been on the decline. Peak production was reached in 1980 of two million barrels a day, but has been declining to a current level of 1.4 million barrels a day.
7. Imported Oil too Costly The U.S. imports over 55% of the nation's needed petroleum. These oil imports cost more than $55.1 billion a year (this figure does not include the military costs of protecting that imported supply). These figures are rising and could exceed 65% by the year 2005.
8. No Negative Impact on Animals Oil and gas development and wildlife are successfully coexisting in Alaska's arctic. For example, the Central Arctic Caribou Herd (CACH) at Prudhoe Bay has grown from 3,000 to as high as 23,400 during the last 20 years of operation. In 1995, the Central Arctic Caribou Herd size was estimated to be 18,100 animals.
9. Arctic Technology Advanced technology has greatly reduced the 'footprint" of arctic oil development. If Prudhoe Bay were built today, the footprint would be 1,526 acres, 64% smaller.
10. Alaskans Support More than 75% of Alaskans favor exploration and production in ANWR. The Inupiat Eskimos who live in and near ANWR support onshore oil development on the Coastal Plain. |
