Reason #1 to Open Up the Outer Continental Shelves to Drilling
Deroy Murdock passes this on in an excellent article about the world’s most productive and cleanest natural gas platform. [bolding mine]
The American Energy Alliance reported in February that if Congress allowed oil and gas production on the Outer Continental Shelf, the U.S. economy would expand by $8 trillion, generating $2.2 trillion in tax revenues. This would give $70 billion in fresh wages to 1.2 million new workers nationwide. How stimulating!
That would close the gap and balance Obama’s incredibly high budget all on its own! What is amazing is how well the free market works if you just let it work instead of handcuffing it.
The whole article is well worth reading for a picture of the squeaky clean, obsessively safety conscious new world of drilling for energy. Check it out!