Bans on Domestic Drilling to Cost U.S. $2.36 Trillion says Study

Discussion in 'Politics' started by US Army Retired, Mar 8, 2010.

  1. US Army Retired
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    US Army Retired BANNED

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    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 didn’t influence the outcome of the study, which was performed by McLean, Virginia-based SAIC Corp.
     
  2. skookerasbil
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    skookerasbil Gold Member

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    indeed................

    this will happen......................after the coming revolution.:eusa_whistle:
     
  3. Mr. Peepers
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    Mr. Peepers Senior Member

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    You're going to trust an "industry study"? Pretty dumb.
     
  4. uscitizen
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    uscitizen Senior Member

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    Why were Jeb And George against that offshore drilling anyway?
     
  5. Xenophon
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    Xenophon Gone and forgotten

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    Its amazing how we are driving ourselves to the poor house.
     
  6. beowolfe
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    beowolfe Senior Member

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    Isn't this the same industry that's been sticking it to the American consumer for decades now?
     
  7. bodecea
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    bodecea Diamond Member

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    I'm curious....how many other places were you paid to post this?
     
  8. bodecea
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    bodecea Diamond Member

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    I understand offshore drilling in Florida was nixed by Jeb....near the Rich Areas like Palm Beach.
     
  9. uscitizen
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    uscitizen Senior Member

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    Yep but the right still blame it on the leftie tree huggers.
    How convenient.
     
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  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    I love how the Left often cries up Norway as an example of a successful Democratic-Socialist-Welfare State while completely ignoring that they are the Saudi Arabia of Northern Europe. Their programs are funded by the enormous income they receive from oil wealth.

    If drilling offshore is good enough for them, it should be good enough for us - and let's add more nukes too.
     

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