Reagan On Oil: There are vast supplies yet to be found


That we have only leased out and begun to explore 2% of our outer continental shelf for oil. There are vast supplies yet to be found. Our government has in the last year or so, taken out of multiple use, millions of acres of public lands. That’s probably 70% of the potential oil in the United States… is probably hidden in those lands. And no one is allowed even to go in to explore, to found out if it’s there. This is particularly true of the recent efforts to shut down part of Alaska.