Not Expanding Drilling
May Cost US $2.4 Trillion
By Tom Doggett Tom
Doggett – Tue Feb 16,
7:34 am ET
Yahoo News
This is a most amazing story to
be published at this time. Consider this
if limited or no more drilling for oil and gas in the US would cost us 2.4 Trillion Dollars
how much has limiting and locking up Federal Land and off shore drilling since
1970 cost the US ecomony? 6 Trillion Dollars ? 8
Trillion Dollars?
The true answer is the total amount of money that the US has spent over the
last 40 years in purchasing crude oil and gas from foreign countries, add to
that all the petro-chemical products bought in the same time period, add now
all of the US business profits and employee salary and wages that never came
into being to drill, pipe, transport, refine, distill, and then sell locally,
as well as sell those products in stores and the like coast to cost and the
figure would more than likely come out to be in excess of 14
Trillion Dollars that everyone nationwide has paid the
price for in loss of income and taxes. All the while the
14 Trillion Dollars is such a vast sum of money that the mind can not
comprehend the value or worth of it. And
yet in this one area not becoming oil and gas self-suffiencent has cost this
nation and its people 14 Trillion Dollars. Add not to that our internation trade imbalance
over the same period of time, as well as the money that congress has thrown
overboard to nations around the world, and finally the money that the Fed has
embezzeled from the US to fund its own agenda and together these would add up
close to 34 Trillion Dollars
or what some report our true national debt to be.
Far from being a protector
of our nation and our national interests Congress has instead been on a quest
to contrain restrain control and limit
WASHINGTON (Reuters) – The U.S. economy will lose $2.4
trillion over the next two decades if the federal government does not allow oil
and natural gas drilling in restricted onshore
lands and in offshore areas previously closed to energy companies, according to
a new study released on Monday.
The report, prepared for the National Association of Regulatory Utility Commissioners,
also said
In particular, the
Separate congressional and presidential bans on drilling in
most
"It's clear from this report that the status quo on energy production
simply won't suffice," said David Parker, president of the American Gas
Association. "We encourage lawmakers to heed the results of this study and
take a closer look at the energy-rich areas in our country that are currently
off limits."
Many environmental groups say the United States should rely
less on oil and gas
and more on cleaner energy
sources like wind and solar.
The study also raised the estimated
As a result,