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Want Jobs? Drill here, drill now ...
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:

  • Development of resources in moratoria areas and other places currently off limits could lift U.S. crude oil production by as much as 2 million barrels per day in 2030, offsetting nearly a fifth of the nation’s imports.

  • Natural gas production could increase by 5.34 billion cubic feet per day, or the equivalent of 61 percent of the expected natural gas imports in 2030.

  • Development of these resources could generate more than $1.7 trillion in government revenue in the form of royalties and taxes.

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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Comments
by exploiting our own national reserves...
While that’s exactly what we need to do we will never convince the opposition as long as that word "exploit" is there. Switch to utilize, use, or, better yet, take advantage of.
 
Written By: tom scott
URL: http://
I sent a letter about this to the San Francisco Chronicle back in July. Needless to say, they didn’t print it but it’s still applicable:

"Let me see if I understand correctly how the San Francisco Chronicle’s dismissive opposition to off shore oil drilling fits in with the paper’s other positions:

- Reducing our dependence on foreign oil from volatile countries is good, unless it is done by producing more of our own oil, which is bad

-The decline of middle class jobs is a national issue, but the expansion of well paying oil drilling related jobs must be prevented

- Off shoring jobs and production is bad when corporations do it, except for oil companies who should offshore all their production and the workers that go with it

- Many new energy programs need enormous amounts of government assistance for the long term to relieve the pressure on energy prices, except for oil drilling which must be rejected if it cannot solve all our energy problems, by itself in the short term

To sum up: the same people that prevented drilling five to seven years ago now tell us that drilling is stupid because it won’t help for five to seven years. Thanks guys."
 
Written By: Robert L. www.neolibertarian.com
URL: http://neolibertarian.com/blog2/
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Written By: naafmxny
URL: http://trbawtxlkewz.com/

 
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