-Caveat Lector- back to anwr.org
ANWR Oil worth $111,000,000,000 in Taxes and Royalties Washington - Chairman Richard Pombo (R-CA) of the House Resources Committee released figures on ANWR oil revenues to the Federal Government this week stating that a Congressional Research Report analyzing tax and royalty revenues from oil and gas production in the 10-02 Area of ANWR would raise $111 billion over 30 years for the Federal Government. Thats over $10 million injected into federal coffers everyday for over 30 years with zero cost the public. The Congressional Research Service (CRS) based its figures on the median prediction of 10.3 billion barrels of oil the USGS stated in its 1998 study of potential 10-02 Area reserves. Over $76 billion in income taxes would be levied on oil companies and $35 billion raised in royalties and bonus bids. At $60 per barrel (the current and predicted average price for oil this year) the CRS estimates $89 billion could be raised in income taxes. $111 billion dollars would be most probably the largest tax windfall the US Government would receive from a single source in its history. The CRS report went further in predicting revenues if the oil from the 10-02 Area of ANWR reached 16 billion barrels as the USGS report possibly states it could. At this amount the US Government could raise $118 billion in corporate income taxe and $55 billion in royalties. Oil from the 10-02 Area of ANWR is expected to reach a peak of 1 million barrels per day and keep the Trans-Alaska Pipeline in operation (which has a capacity of 2.1 million bpd) for over 30 years. Even at its lowest potential estimate of 5.9 billion barrels predicted by the USGS the 10-02 Area would contain the largest oil field found in the western world in over 30 years. Chairman Pombo stated about ANWR that, The ANWR energy issue has been a cash cow for environmental fundraising groups and obstructionists in Congress for two decades. Enough is enough! Its time to make this resource a cash cow for each and every American taxpayer. Read the full press release of the House Resources Committee - http://resourcescommittee.house.gov/Press/releases/2006/0502energy.htm Read the Congressional Research Report on ANWR here http://resourcescommittee.house.gov/issues/emr/anwr/memorandum_april_27.pdf :: Posted on May 05, 2006 :: :: Other Resources... Structured Settlements - cash for structured settlements, sell annuity, lottery winnings, and more. View our ANWR Flash Movie! Search Web anwr.org Ten reasons to support responsible oil development in Arctic National Wildlife Refuge View our ANWR Powerpoint Presentation ANWR Quicklinks Remember:More people have died in Ted Kennedy's car than have died in United States Commercial Nuclear Power plant operations visit my web site at http://www.info-quest.org Visit my energy page at http://www.info-quest.org/Energy.html Check out the latest on the anwr drilling project http://www.anwr.org visit my blog at http://info-spectrum.blogspot.com My ICQ# is 79071904 See the Pledge of alleginace to the flag that the 9th circuit court of appeals doesn't want you to say. for a precise list of the powers of the Federal Government linkto: http://www.info-quest.org/Enumerated.html www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substanceânot soap-boxingâplease! These are sordid matters and 'conspiracy theory'âwith its many half-truths, mis- directions and outright fraudsâis used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://www.mail-archive.com/[email protected]/ <A HREF="http://www.mail-archive.com/[email protected]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
