Quite frankly, I think nothing could do more to immediately bolster national security then enabling us to produce more oil and gas here at home at a price consumers could afford.
The majority of ground in the U.S. is owned by the federal government, and right now, very little of it is accessible to anybody that is trying to produce oil and gas, and we need to be opening that up.
I mean, Rex Tillerson is in the business of exploring and finding oil across the globe.
I didn't understand anything about fracking or horizontal drilling until about 2010, when I first learned about the Eagle Ford.
With new oil and gas discoveries, Africa's energy exporters will have to invest in defence capability and work with other Indian Ocean powers to ensure security of sea lanes.
There's no substitute for seeing firsthand a well being drilled.
These are estimates that are done by the experts as to how much they expect we could get from the first lease sale that would take place in ANWR, and the estimate is about $2.5 billion.
Those who know me would tell you, 'Moily can't be cowed down.' I have plans to enhance domestic oil and gas production.
A democratically governed national fracking fund should be set up, perhaps similar to what Norway and Alaska have. Areas of drilling should be rented to companies through public tender, with or without subsidies, and a rising share of profits beyond a negotiated upper limit should be deposited in the national capital fund.
The exploration for oil and gas off our shores can play a role in making energy more affordable and accessible... However, effective safety measures must be in place, and exploration must be done in an environmentally sensitive manner that in no way interferes with our military.
Large areas of the Gulf have escaped being scraped by trawls, crushed by more than 40,000 miles of pipelines, or displaced by one of 50,000 oil and gas wells drilled since the middle of the 20th century. Some places have been deliberately protected.
In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.
