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You are here: Home / Business / Oil industry official addresses KC event on America’s energy future

Oil industry official addresses KC event on America’s energy future

June 12, 2008 By admin

The high price of gasoline is not too far from the minds of Missourians these days … and they’re reminded of it every time they fill up their tanks. With this as a backdrop, American Petroleum Institute Chief Economist John Felmy visited Kansas City to speak on America’s energy future.

Felmy says a major part of the reason for the high cost of gasoline is the high demand for oil – not just in the United States but throughout the world. Felmy says America’s oil companies are forced to import black gold from oil producing countries outside the United States – because we are prohibited from drilling for our own oil in America.

Senator Claire McCaskill (D-MO) has argued there is no need to give oil companies access to Alaska’s Arctic National Wildlife Refuge – ANWR – because there are many leases and permits for regions of the country not being drilled by oil companies. Felmy says there is a simple reason those areas are not being drilled – because there is no oil in those areas. There is plenty of oil in ANWR – perhaps a million barrels of oil a day could be produced.

Download/Listen: Steve Walsh report (:60 MP3)

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Filed Under: Business Tagged With: Kansas City



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