[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

What is the 'boogaloo?' How online calls for a violent uprising are hitting the mainstream

Dealing with AGWs?

Movie Review: Vanishing Point (1971) : A libertarian perspective

Federal Judges Meeting Will Target Trump And Barr, Report Says

NSC adviser 'is to be reassigned' amid DC rumors SHE is the infamous 'Anonymous' behind anti-Trump NYTimes op-ed and book 'A Warning'

Off-Duty Cop Follows Woman Through Parking Lot, Attacks Her—Taxpayers Shell Out $125K

New Witness Corroborates Accusation That Mike Bloomberg Told Pregnant Employee to 'Kill It'

Cops Stop Veteran with PTSD for No Reason, Savagely Taser and Hit Him Over 30 Times

The Student Debt You Willingly Took On Is Not My Problem To Solve

Virginia: Gun Ban Bill Defeated!

Democrats fear Republican sabotage in key Senate race

Trump Supporters Are George W Bush Supporters LARPing As Ron Paul Supporters

US closes case against ex-FBI boss McCabe with no charges

Pelosi: A.G. Barr 'has deeply damaged the rule of law'

More Victims Discovered After Cop Caught on Video Planting Meth on Innocent People

PasTor Who Prophesized 4 Years Ago ... AbouT Kanye WesT’s ChrisTian Conversion Makes PredicTion --- AbouT PresidenT Trump’s Chances Of Re-elecTion

Senate Democrats queasy over Sanders as nomin

John Kelly Finally Lets Loose on Trump

Thursday, February 13, 2020 Trump breaks New Hampshire record for voter turnout for any incumbent president

Instrumental 9 year old guitarist Taj Farrant plays Chris Stapleton "Tennessee Whiskey" on his Gibson SG and Elixir strings Marshall amp

The Ten Most Destructive Americans of Eight Decades

Nancy Pelosi’s Staff Demands Takedown of ‘Deceptively Altered’ Video of Her SOTU Tantrum

OKC - A Conspiracy Theory

#FlashbackFriday when Vindman perjured himself and @RepBradWenstrup caught him.

Biden Calls Skeptical New Hampshire Voter ‘a Lying, Dog-Faced Pony Soldier’ (The dust-up came after the voter asked whether he can rebound from Iowa)

Trump's resilience ... causes DemocraTs --- To sound The alarm

Hillary Clinton Comments on Potentially Joining Democratic Ticket as VP Nominee

Cop Found Passed Out Drunk in Patrol Car On Duty in Traffic, 5X Over Legal Limit—No Charges

‘Clearly Guilty’: Fox News’ Judge Andrew Napolitano Says Trump Could Be Impeached Again

City Officials Want To Clamp Down on Dragon's Ascent, a Video Game That Pays Skillful Players

Trump touts Space Force, moon and Mars plans in State of the Union address

Horrifying Video Shows Cops Surround Sleeping Pregnant Mother and Execute Her

Police Called to School After 6-year-old Girl With Down Syndrome Made a ‘Gun’ with Her Finger

Midwife Gets Charged with 95 Felonies by State of New York for Delivering Babies

Pelosi’s Speech-ripping Stunt: a Perfect Metaphor for What She’s Done to America

Undercover Cops Hired 118 Handymen, Then Arrested Them All for Not Having Licenses

Florida trooper shot dead by stranded driver on interstate

Senate Acquits Trump on Impeachment But Romney Dissents

Stomach-Turning Video Catches Cops Abusing Kitten, Spitting Inside, Destroying Property

NO JAIL for Cop Guilty of Responding to Domestic Violence Call by Raping the Victim

Kirk Douglas, Indomitable Icon of Hollywood’s Golden Age, Dies at 103

Video Clearly Catches Cop Stealing Cash from a Home and He’s NOT Arrested

CNN is Angry That White People Are Trying to Stop the Coronavirus Spreading

Everyone's A Criminal

Nancy Pelosi rips paper after Donald Trumps's State of the Union Speech

2020 State of the Union

Incompetence

Court To Cop: We Don't Need On-Point Precedent To Deny You Immunity For Killing A Dog That Couldn't Hurt You

Cop Attacks 16yo Boy, Knocks His Teeth Out for Paying for Candy with Damaged Bill

Rush Limbaugh Just Announced he has lung cancer


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: U.S. Contains Enough Oil and Gas Reserves to Fuel Country for Decades, Petroleum Institute Says
Source: From The Trenches/CNS News
URL Source: https://fromthetrenchesworldreport. ... etroleum-institute-says/254408
Published: Jan 5, 2011
Author: Penny Starr
Post Date: 2019-09-21 09:35:15 by Deckard
Keywords: None
Views: 129
Comments: 1

CNS News – by Penny Starr, January 5, 2011

Jack Gerard, president and CEO of the American Petroleum Institute, said that if the Obama administration and Congress would allow the industry access to domestic oil and natural gas reserves, the United States would get the energy it needs, create hundreds of thousands of jobs, and the government would add more than $1.7 trillion to its coffers.

“The state of American energy must be strong in order for the American economy to thrive,” said Gerard in a speech at the Newseum on Tuesday. “How then do we strengthen the state of American energy?” 

“For starters, there are vast reserves of domestic resources that are currently off-limits to exploration and production: billions of barrels of oil and trillions of cubic feet of natural gas … onshore and off,” Gerard said. “And those estimates are most likely conservative given our past experience and new advanced technologies.”

It is estimated that the United States has enough natural gas to fuel 100 percent of current domestic demand for at least 90 years. In addition, the United States produces about 2 billion barrels of crude oil per year, according to the API.

“Accessing these U.S. resources could improve our energy security by making us less reliant on others, generate an additional $1.7 trillion in government revenue over the life of the resources and create hundreds of thousands of new jobs,” Gerard said.

In API’s new report, “The State of American Energy,” which was released at the event, details how U.S. government projections of oil and natural gas reserves could provide energy for America for many decades to come.

“Thankfully, America has vast domestic energy resources – enough oil and natural gas on federal lands alone to power 65 million cars for 60 years and heat 60 million households for 160 years,” the report states.

study by Wood Mackenzie, also released at the event, shows that increased access to America’s oil and natural gas reserves could, by 2025, create 530,000 jobs, generate $150 billion in taxes, royalties, and other revenue for the government, and “boost domestic production by four million barrels of oil a day,” stated API in a press release.

On the other hand, “Raising taxes on the industry with no increase in access could reduce domestic production by 700,000 barrels of oil equivalent a day (in 2020), sacrifice as many as 170,000 jobs (in 2014), and reduce revenue to the government by billions of dollars annually,” stated the release.

The API report, State of American Energy, estimates that the offshore drilling regions in the Gulf of Mexico and off the Atlantic coast could hold as much as $7.6 billion barrels of oil and 58.5 trillion cubic feet of natural gas.

On a related note, North Dakota is one of the fastest growing oil producing regions in the United States, where 80 million barrels were produced in 2009, the report states. Also, North Dakota’s unemployment rate is less than four percent, according to Gerard.

Gerard further explained how the oil and natural gas industry could create hundreds of thousands of jobs if the federal government would allow the United States to partner with Canada to increase that country’s oil-sands production for export to refineries and distribution points in America.

The Canadian Energy Research Institute, for instance, estimates that increased production would stimulate both the U.S. and Canadian economy, and create 340,000 jobs in the United States alone and add $34 billion to America’s GDP by 2015.

At a press conference following his presentation at the Newseum, Gerard said the majority of Americans support developing domestic energy sources both on and offshore, a task he said the oil and natural gas industry can do if restrictions are lifted on vital resource exploration.

“We have the opportunity here to create jobs, to increase the revenue of the federal government, and we can do it on American soil, with American workers,” said Gerard.

He also said that between 2004 and 2007 the gas and oil industry created 2 million U.S. jobs, and is ready to do so again if it is given access to domestic energy reserves.

“We have the ability, in the United States, to create vast amounts of energy,” Gerard said. “We just need the political will to do it.”

The API represents more than 450 U.S. oil and natural gas companies.

https://www.cnsnews.com/news/article/us-contains-enough-oil-and-gas-reserves-fuel-country-decades-petroleum-institute-says


Poster Comment:

“We have the ability, in the United States, to create vast amounts of energy,” Gerard said. “We just need the political will to do it.”

Trump could do this, right?

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard (#0)

Trump could do this, right?
Right!

Trump most DEFINITELY has all the political will ever needed to do anything.

Attaboy …

Salute,
Gatlin

Gatlin  posted on  2019-09-21   9:51:36 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com