Posted by: McQ on Monday, December 08, 2008 ICF International just completed a study for the American Petroleum Institute which has some rather interesting findings in these times of economic woes:
It would also mean, by their estimate, that 160,000 jobs for Americans would be created - note the word: created - by exploiting our own national reserves which, for the moment, remain essentially off-limits. In terms of a "comprehensive" answer to future energy demands, this seems a no-brainer. My guess, however, is the in-coming administration and the Democrat controlled Congress will eschew what's readily available (and the jobs it would provide) to continue to chase "green" vaporware. If so, it doesn't take much of a crystal ball to understand that our energy needs will become critical within the next decade or so. So enjoy that $1.40 a gallon gas while you can - once it goes back up - and it will - you most likely won't see it again in your lifetime. |
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