Are the economic benefits of allowing development in off-shore drilling, ANWR and the shale-rich deposits of the Rockies worthwhile? Well the answer is “Yes,” according to Robert Gordon of the Heritage Foundation, who has this to say: “A recent study found that development of resources in places that are currently off-limits could lift U.S. crude oil production by as much as 2 million barrels per day by 2030, offsetting nearly a fifth of the nation’s imports. It also found that natural gas production could be offset by 61 percent by 2030, and that expanding domestic energy production could generate more than $1.7 trillion in government revenue. From an economic standpoint, this all amounts to a win-win for the U.S.”
U.S. has significant energy potential, study says
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|2009-01-27T00:00:00-05:00January 27th, 2009|Comments Off on U.S. has significant energy potential, study says