Sent: Wednesday, May 03, 2006 10:30 AM
Subject: Energy/Gas Prices: By the Numbers
For Immediate Release: May 3, 2006
Contact: Josh Dorner:
(202) 675-2384
Annie Strickler: (415) 977-5619
With gas prices
soaring, politicians in Washington are scrambling to find a
quick fix even as
they admit that there is nothing they can do in the
short-term to bring down
prices. But that hasn't stopped some from ignoring
America's oil addiction
and turning their backs on real solutions in an
effort to pander to Big
Oil.
"American families are feeling the pinch at the pump while Big Oil
reaps
record profits, yet the only answer President Bush and some in
Congress
have is to give them more," said Carl Pope, Sierra Club Executive
Director.
"When all else fails, they resort to drilling in the Arctic Refuge
and off
our coasts even though that won't bring down the price of gas and
only
perpetuates our oil addiction."
Here is a closer look at the
numbers behind the current energy debate.
If there are formatting errors
on this page, it is available at
http://www.sierraclub.org/pressroom/releases/pr2006-05-03.asp
BY THE
NUMBERS:
GAS PRICES AND CUTTING AMERICA’S OIL
ADDICTION
(May 3, 2006)
GAS
PRICES
$2.92…
Average retail price for regular gasoline, up 69
cents
from a year ago.
(
http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html
)
$2,873…
Amount average family of four spent on gasoline in
2005
(Consumer Expenditure Survey from Bureau of Labor
Statistics and the Energy
Information
Administration)
$73.75…
Price per barrel of crude oil on the New York Mercantile
Exchange (
http://www.bloomberg.com/energy/)
RECORD
PROFITS
$8.4
billion…
ExxonMobil’s first-quarter profits in 2006
$4
billion… ChevronTexaco’s first-quarter
profits in 2006, up 49%
from
2005
$3.29…
ConocoPhillip’s first-quarter profits in 2006
$15.7
billion… Combined first-quarter profits of
ExxonMobil,
ChevroTexaco and ConocoPhillips
$63.8 billion… combined
2005 profits of ExxonMobil ($36.1
billion),
Chevron ($14.1 billion) and ConnocoPhillips
($13.5
billion). (U.S. Securities and Exchange Commission
data)
HANDOUTS TO AMERICANS VERSUS BIG OIL
$30
million… Amount the top 10 oil companies spent on
lobbying in
2005
(
http://www.nytimes.com/2006/05/03/business/media/03oil.html
)
$80 billion… in subsidies and tax
loopholes to the oil and gas
and
other polluting energy industries in the energy
law
signed in 2005. (Taxpayers for Common Sense
–
www.taxpayer.net)
$100…
Amount some in Congress proposed giving to Americans
in
the form of a tax rebate later this summer.
OIL DEPENDENCE
25%
… Percentage of world oil production
consumed by the United
States.
3%
…
Percentage of world’s oil reserves located in the United
States. (Energy
Information Administration (EIA) –
www.eia.doe.gov)
ARCTIC REFUGE AND
AMERICA’S COASTS
1
cent… Amount of
savings for consumers at the pump if we
drill
for oil in the Arctic National Wildlife Refuge.
(
http://www.tws.org/Library/Documents/upload/PennyaGallon20yrs1.pdf
)
20 years… When
consumers would see the penny savings. (ibid)
47
days… Amount of oil from
opening up parts of Lease Sale 181
in
the Eastern Gulf of Mexico to drilling
REAL SOLUTIONS
4
million… The number of barrels of oil
per day that the
United
States would save if fuel economy standards were
raised
to 40 miles per gallon within 20 years. (Friedman et
al.
"Drilling In Detroit: Tapping Automaker Ingenuity
to
Build Safe and
Efficient
Automobiles." Union of Concerned Scientists & Center
for
Auto Safety. June
2001.)
$2,200…
Amount that the average driver would save at the gas
pump
over the lifetime of a vehicle if fuel economy
standards
were raised to 40 miles per gallon over the next
10
years, a conservative estimate based on lower gas
prices.
(ibid)
POLL
NUMBERS
71…
Percentage of Americans who disapprove of the
way
President Bush is handling energy policy
(
http://www.usatoday.com/news/polls/tables/live/2006-05-01-poll.htm
)
82….
Percentage of Americans who don’t think President
Bush
has a clear plan for keeping gas prices down
(
http://www.cbsnews.com/stories/2006/05/01/opinion/polls/main1567675.shtml
)