WASHINGTON - The Bush administration said Monday
it will push Congress this year to open Alaska's Arctic
National Wildlife Refuge to oil drilling, and hopes to begin
leasing tracts in the area to energy companies in 2006.
Even though the Senate has voted several times against
giving oil companies access to the refuge, the White House
included the drilling plan in its proposed 2005 government
budget sent to Congress.
The administration said in its budget that opening the
refuge would raise an initial $2.4 billion in leasing fees and
half that amount would go toward increased funding for the
Energy Department's renewable energy technology research
programs over seven years.
The refuge sprawls across 19 million acres. But only the
area's 1.5 million acre (607,000 hectare) coastal plain would
be opened to drilling under the White House plan.
The Interior Department estimates the refuge could hold
between 5.7 billion and 16 billion barrels of recoverable oil.
If the refuge was opened to drilling, it would take about eight
years before the area reached full oil production.
Copyright 2004 Reuters Ltd
###