NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2009--MOTION TO PROCEED -- (Senate - July 31, 2008)
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AMERICAN ENERGY FREEDOM DAY
Mr. DeMINT. Mr. President, I rise today to invite my colleagues to join me in supporting American Energy Freedom Day on October 1, 2008.
On this day, the current prohibitions on oil and gas exploration off the Outer Continental shelf and in the oil shale fields of the West will expire, giving Americans the freedom to access their own energy reserves and providing them with relief from sky-high prices at the pump.
Estimates indicate there are upwards of 18 billion barrels of recoverable crude oil in the off-limit areas of the Outer Continental Shelf, as well as more than 55 trillion cubic feet of natural gas. In addition, estimates indicate that between 800 billion and 2 trillion barrels of oil can be drawn from American oil shale.
Taking advantage of American resources will increase the worldwide supply of petroleum and bring down prices at the pump. The very access to these resources will send powerful price-reducing signals to the futures market, providing immediate relief for all Americans.
For over 25 years, Democrats have denied Americans the freedom to access their own energy, making our Nation more and more dependent on foreign oil. Each year, they have continued the ban on American energy. Now it is time for them to get out of the way and open up American energy supplies.
I strongly encourage my colleagues to support Energy Freedom Day and allow the prohibitions on American energy exploration to expire once and for all. We must actively oppose any attempt to extend these bans on American prosperity and security. Now is not the time to deny Americans access to their own energy.
October 1 is going to be a great day for all Americans. I invite my colleagues to join me in supporting American Energy Freedom Day.
Mr. President, I yield the floor.