healthmyths
Platinum Member
- Sep 19, 2011
- 29,359
- 10,803
- 900
Romney DAY ONE!!!
Romney just spoke and said the first day he will sign order to Boost Domestic energy Production Directs the Department of the Interior to implement a process for rapid
issuance of drilling permits to developers with established safety records seeking to use pre-approved techniques in pre-approved areas.
http://www.mittromney.com/sites/default/files/shared/BelieveInAmerica-PlanForJobsAndEconomicGrowth-Summary.pdf
Now here is why this will happen..
The below long winded and complicated study PROVES that oil drilling increases jobs!
The RIMS II model is the standard method governmental authorities use to evaluate the benefits associated with an economic development project.
According to the Commerce Department, the RIMS II model has been used to evaluate the economic effects of many projects, including: opening or closing military bases, tourist expenditures, new energy facilities, opening or closing manufacturing plants, shoppingmalls, sports stadiums, and new airport or port facilities.
State and local governments have also used the RIMS II model to perform economic analyses.
For example, the Kansas Geological Survey (KGS) used the RIMS II model to evaluate the impact of oil and gas production on the Kansas economy.37
Using the RIMS II multipliers for Kansas, the KGS estimated that the increased value of oil and gas production between 1998
and 2001 induced $500 million in new output, generated $64.3 million in new earnings, and produced 4,742 new jobs in the state of Kansas.
http://www.americanenergyalliance.org/images/aea_offshore_updated_final.pdf
SO if Romney is going to UNDO what Obama did in denying oil leases on Federal lands..
Obama 11% decrease in leases
In 2008 under President Bush, there were a total of 55,085 oil and gas leases in effect on federal land.
In 2011 under Obama, there were just 49,174, a decrease of 11 percent.
Obama Decrease in acreage under lease 19%
In 2008 under Bush, there were 47.2 million acres of federal land under lease.
In 2011 under Obama, there were just 38.5 million, a decrease of 19 percent.
Obama reduced new leases by 36%!
In 2008 under Bush, the federal government approved 6,617 oil and gas permits.
In 2011 under Obama, the federal government approved just 4,244 permits, a decrease of 36 percent.
The decrease in oil and gas leases, acres, and permits under Obama has led to a decrease in oil and gas production on federal land. According to the Energy Information Administration, in 2010, 726 million barrels of oil were produced on federal land. In 2011, just 626 million barrels were produced, a decrease of 14 percent. In 2010, 5,166 billion cubic feet of natural gas were produced on federal land. In 2011, just 4,609 billion cubic feet were produced, a decrease of 11 percent.
Simply by UNDOING what Obama did would INCREASE OIL product by 100 million barrels a year!
Romney just spoke and said the first day he will sign order to Boost Domestic energy Production Directs the Department of the Interior to implement a process for rapid
issuance of drilling permits to developers with established safety records seeking to use pre-approved techniques in pre-approved areas.
http://www.mittromney.com/sites/default/files/shared/BelieveInAmerica-PlanForJobsAndEconomicGrowth-Summary.pdf
Now here is why this will happen..
The below long winded and complicated study PROVES that oil drilling increases jobs!
The RIMS II model is the standard method governmental authorities use to evaluate the benefits associated with an economic development project.
According to the Commerce Department, the RIMS II model has been used to evaluate the economic effects of many projects, including: opening or closing military bases, tourist expenditures, new energy facilities, opening or closing manufacturing plants, shoppingmalls, sports stadiums, and new airport or port facilities.
State and local governments have also used the RIMS II model to perform economic analyses.
For example, the Kansas Geological Survey (KGS) used the RIMS II model to evaluate the impact of oil and gas production on the Kansas economy.37
Using the RIMS II multipliers for Kansas, the KGS estimated that the increased value of oil and gas production between 1998
and 2001 induced $500 million in new output, generated $64.3 million in new earnings, and produced 4,742 new jobs in the state of Kansas.
http://www.americanenergyalliance.org/images/aea_offshore_updated_final.pdf
SO if Romney is going to UNDO what Obama did in denying oil leases on Federal lands..
Obama 11% decrease in leases
In 2008 under President Bush, there were a total of 55,085 oil and gas leases in effect on federal land.
In 2011 under Obama, there were just 49,174, a decrease of 11 percent.
Obama Decrease in acreage under lease 19%
In 2008 under Bush, there were 47.2 million acres of federal land under lease.
In 2011 under Obama, there were just 38.5 million, a decrease of 19 percent.
Obama reduced new leases by 36%!
In 2008 under Bush, the federal government approved 6,617 oil and gas permits.
In 2011 under Obama, the federal government approved just 4,244 permits, a decrease of 36 percent.
The decrease in oil and gas leases, acres, and permits under Obama has led to a decrease in oil and gas production on federal land. According to the Energy Information Administration, in 2010, 726 million barrels of oil were produced on federal land. In 2011, just 626 million barrels were produced, a decrease of 14 percent. In 2010, 5,166 billion cubic feet of natural gas were produced on federal land. In 2011, just 4,609 billion cubic feet were produced, a decrease of 11 percent.
Simply by UNDOING what Obama did would INCREASE OIL product by 100 million barrels a year!