There is a lot more than a few trillion dollars to be gained from drilling in our own reserves. Opening all of our costal waters besides land drilling domestically would drive the price of oil way down stimulating the economy. We would gain trillions in royalty revenue to help pay our national debt. Hundreds of thousands of jobs would be created generating more tax revenue. Obama doesn't get it. Drilling Bans to Cost U.S. $2.36 Trillion, Industry Study Says - Bloomberg.com Quote: Restrictions on oil and gas drilling will cost the U.S. economy $2.36 trillion through 2029, according to a study requested by state utility regulators and paid for in part by industry-sponsored groups. ...The report, issued today, said opening the areas would free up 43 billion barrels of oil and 286 trillion cubic feet of gas. ...Harbour said the industry didnt influence the outcome of the study, which was performed by McLean, Virginia-based SAIC Corp.