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DRUDGE REPORT FLASH 2005�




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Bush calls for oil production on Alaska nature reserve
Thu Mar 10 2005 10:30:52 ET

COLOMBUS, Ohio, March 9 (AFP) - US President George W. Bush called Wednesday for development of US oil reserves in Alaska, including within the bounds of a wildlife refuge, to contend with the US undersupply of petroleum.

"To produce more energy at home, we need to open up new areas to environmentally responsible exploration for oil and natural gas, including the Arctic National Wildlife Refuge," Bush said, as he made a speech here.

"The Department of Interior estimates that we could recover more than 10 billion barrels of oil from a small corner of ANWR that was reserved specifically for energy development."

The amount of oil Bush said could be accessed would be equivalent to that currently obtained "from 41 (US) states combined."

The Republican president in 2001 presented a bill seeking to develop US petroleum reserves at the Artic National Wildlife Refuge. Congress never voted on it due to opposition from Democrats and environmentalists.

But following Bush's second term presidential victory last November, party officials suggested that the vote might go through thanks to a larger Republican majority in Congress.

Developing...




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