1.4 million jobs and over 36 billion in government revenue in oil drilling

Since the Offshore Drilling Moratorium was Imposed it is estimated the Gulf Coast area lost around 12,000 jobs and 1.1 billion worth of wages lost. Again, this is just around the Gul Coast.

However a new study by consulting firm Wood Mackenzie, and paid for by the American Petroleum Institute showed that if the regulations on oil would be lifted it could create 1.4 million jobs and over 36 billion in government revenue. However this would take a lot of policy changing by the Obama administration.

The study outlines a “development policy case” that includes opening up areas where drilling is now off-limits, including the Atlantic and Pacific Coast, Alaska’s Arctic National Wildlife Refuge (ANWR) and the eastern Gulf of Mexico.

The “development” case would also include expanded access in the Rocky Mountains, the National Petroleum Reserve-Alaska and off the coast of Alaska.
Other policies that the study models include allowing shale gas drilling in New York; faster permitting in the Gulf of Mexico, where leasing already occurs; federal approval for the controversial Keystone XL pipeline to link Canada’s oil sands crude to Gulf Coast refineries; and other steps. Wood Mackenzie estimates these steps would create roughly 1.1 million jobs by 2020, and produce an additional 1.27 million barrels of oil-equivalent (BOE) per day by 2015 and 4.19 million BOE in 2020, even more by 2030.

This is just the start of the benefits we as Americans can benefit from lifting oil drilling regulations. Keep in mind this is just one industry that our current liberal government has destroyed. Over the years many has been affected. From coal mining to building ships. America is destroying itself with its own regulations and socialism type policies against businessmen and entrepreneurs. Our country has vast amounts of resources and if allowed to be exploited from the earth would rebuild our economy and wealth let alone offer millions of jobs and more products, better and cheaper products for the consumer.

Always remember, “The American Dream”.

Ronnie Bryant walks out on opening coal mine.

“Nearly every day without fail … men stream to these [mining] operations looking for work in Walker County. They can’t pay their mortgage. They can’t pay their car note. They can’t feed their families. They don’t have health insurance. And as I stand here today, I just — you know — what’s the use?
I got a permit to open up an underground coal mine that would employ probably 125 people. They’d be paid wages from $50,000 to $150,000 a year. We would consume probably $50 million to $60 million in consumables a year, putting more men to work.
And my only idea today is to go home. What’s the use? I see these guys — I see them with tears in their eyes — looking for work. And if there’s so much opposition to these guys making a living, I feel like there’s no need in me putting out the effort to provide work for them. So ... basically what I’ve decided is not to open the mine. I’m just quitting. Thank you.”

The following was said by Ronnie Bryant in a public hearing concerning opening a coal mine in Birmingham. Bryant sat for two hours while environmentalist trashed talked and slandered industrial businessmen. So when it became his turn to step up to the mic, he set it straight. This is a great example of how bad government regulations has gotten. It takes an act of congress to mine coal even though our resources are plentiful. Same way with oil drilling. We buy our oil from other countries including our enemies when we have an abundant amount to consume right here in our own country. Take a look at just these two industries that could provide jobs and can turn around our economy. People wonder why America in falling behind in the industrial setting. Take a good look at your government.