Said quite simply, America must become energy independent. We have no other choice unless we are prepared to continue financing foreign governments. But the good news is that we have the ability to, and that Alaska can lead the way.
Alaska has a wealth of natural resources, and as Chairman Emeritus I am in a key position to fight for the continued development and prosperity of our great state. I’ve been able to take the lead on several far-reaching bills this Congress, including reauthorization of the Magnuson-Stevens Act and the opening of ANWR to exploration.
What many Americans do not realize is how many products are made from a barrel of oil. Someday America’s energy may not come from fossil fuels, but the U.S. will never be able to fully cut our ties to them. In a 42 gallon barrel of oil (results in 44.68 gallons through the refining process), 19.15 gallons becomes gasoline (43%), 9.21 gallons becomes diesel (20%), 3.82 gallons becomes jet fuel (9%), and 1.75 gallons becomes heating oil (4%). The remaining, and most important, part of the barrel is the 10.75 gallons (24%) that compose the molecules that make-up asphalt, plastics, lubricants, etc. Failure to develop this 24% of the barrel will leave the U.S. without rubber, aspirin, syringes, golf balls, toothpaste, and even the synthetics that compose windmills and green cars.