In a letter I received today from Grassley, dated March 1, I quote two 
paragraphs from his 3 page letter extolling the reasons to drill up there. 

"A 1998 US Geological Survey assessment found that the reserve could contain 
between 5.7 billion and 16 billion barrels of recoverable oil. The survey's 
mean volume of 10.4 billion barrels is enough to meet the demand for the entire 
state of Iowa for 132 years. This could replace 30 years of Saudi Arabian oil 
imports."

"Some opponent have argued that the Arctic reserve would only fuel America's 
energy needs for six months.   To suggest the potential oil resources are 
insignificant is akin to suggesting that all of the oil produced in east 
Texas--one million barrels a day--isn't worthwhile because it doesn't meet our entire 
demand.   This is simply not true."

The Senator is either misinformed, or we have been giving out wrong 
information for a few years. I tend to believe the former. Jerry

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