FOR IMMEDIATE RELEASE
26
, 2005 |
CONTACT:
Brian O'Malley
202-675-6279
Annie Strickler
202-675-2384
|
BY THE NUMBERS: ENERGY BILL, GAS PRICES, OIL COMPANY PROFITS
RECORD PRICES
$2.32:
Average retail price for regular gasoline, up 39 cents over the last year. (Energy Information Administration (EIA) – www.eia.doe.gov)
$2,873:
Amount average family of four will spend on gasoline this year (Consumer Expenditure Survey from Bureau of Labor Statistics and the Energy Information Administration)
$59.40:
Price per barrel of crude oil on the New York Mercantile Exchange, up $18.30 from last year. (EIA & Bloomberg News - www.bloomberg.com/energy/)
RECORD OIL DEPENDENCE
58%:
Total U.S. dependence on net imports of foreign oil in 2005. Up from 44.5% in 1995. (EIA)
25%:
The percentage of world oil production consumed by the United States (EIA)
3%:
Percentage of world’s oil reserves located in the United States (EIA)
130,000:
Additional barrels of oil consumed per day by the United States as a result of the energy bill extending loopholes for the auto industry that weaken federal fuel economy standards (Sec. 772)
RECORD PROFITS
$25.3 billion:
Exxon Mobil's record-setting profits last year
$3.4 billion:
Fourth-quarter 2004 profit for Chevron-Texaco Corp, double the profit for the same quarter of the previous year.
218%:
Exxon Mobil profit increase last year
145%:
ConocoPhillips profit increase last year
51%:
Shell profit increase last year
39%:
ChevronTexaco profit increase last year
35%:
BP profit increase last year
RECORD TAXPAYER GIVEAWAYS
$80 billion:
Total money (tax breaks, direct spending, and authorizations) currently in the energy bill conference report - the majority of it going to polluting energy industries. $66.3 billion in authorized spending, $11.68 billion in the tax package, and $2 billion in the Administration’s new nuclear risk insurance provisions. (Taxpayers for Common Sense – www.taxpayer.net)
$3 billion:
Cost to taxpayers to conduct an invasive oil and gas inventory along the Outer Continental Shelf (OCS) even though these coastal areas are currently under a decades old drilling moratorium.
$0:
Total royalty payments from the oil and gas industry for deep water exploration on public lands (Sec. 345) and for oil drilled areas off Alaska’s coastline (Section 346) since the energy bill allows the industry to forgo royalty payments for these activities.
RECORD CONTRIBUTIONS
$52.3 million:
Amount the oil and gas industry contributed to political candidates in 2004. (Center for Responsive Politics – www.opensecrets.org)
$314.4 million:
Amount the energy and natural resources industries spent on lobbying in 2003 and 2004. (Bloomberg News)
If these numbers upset you, do something about it. Go to www.sierraclub.org/exxposeexxon, and pressure the world's largest oil company to act responsibly
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