OCS
The Economic Contribution of Increased Offshore Oil Exploration and Production to Regional and National Economies
The American Energy Alliance (AEA) recently released a new study that reveals the extensive short-term and long-term economic benefits Americans stand to gain if Congress permanently lifts the moratoria on energy exploration and production in the Outer Continental Shelf (OCS). According to the analysis, over the life of the production offshore, access to these vast resources would generate.
- $8 trillion in additional
economic output (GDP); - $2.2 trillion in total
tax receipts; - 1.2 million new, well-paying
jobs annually across the country; and - $70 billion in additional
wages each year.
Read the study.
Read the summary.
Let us know your thoughts on American energy. Comment below.
I think Al Gore needs to invest in some really speedy running shoes! I keep wondering if he can be prosecuted for perpetrating a fraud upon the American people. He’s a liar. I’m sick about the damage he has done to how Americans are viewed in the world.
I favor former Governor Palin’s energy ideas. Clean coal, natural gas and start drilling for oil of our own. And certainly the United States of America owes NO ONE money for the agreements drawn up in Copenhagen. I did not agree to this use of tax dollars. Who did Obama think he was up there promising away our dollars for unsubstantiated carbon footprints. Here’s a footprint up your behind sir.
Drill Baby Drill.
Grief – we are being scared over every little
thing from Tsunami, schools lock down, climate, ’severe’ weather every time it rains
This is manipulation city. Yet we hear little
about the real problems- like why health costs go up and up but nobody explains what the causes are. Or why the Credit Default Swap market increased by 500 times in 10 years.
Also, for intermittent energy – it might make
more sense to bring the work to where the
windmills are than trying to connect them to
the grid, and ditto for solar.