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

Siblings Outraged by Their Brother's Fatal Shooting Dismiss the Fact That He was an Armed Robber - "Oh Well!"

U.S. Mint to redesign gold and silver American Eagles, implement security devices - Mnuchin chips the bird

"Abuse By The Police" Documentary Allows Victims Of Rape By Cops Who Got Away Scot Free To Speak Out

James OÂ’Keefe announces 'This may be the biggest story Project Veritas has ever broke' [CNN]

ELECTORAL COLLEGE OVERWHELMINGLY FAVORS REPUBLICANS, ABOLISHING ENTIRE SYSTEM ONLY REMEDY: STUDY

Rand Paul: Democrats Need to be Investigated Over Ukraine

Winnie the Pooh warns attempts to divide China will end in 'shattered bones'

A bunch of democratic faggot and tranvestite loving freaks from hell

Bill Barr Flames ‘Unremitting Assault’ On Religion, Traditional Values During Notre Dame Visit

Hunter Biden Steps Down From Chinese Board in Bid to fight.

AGW Hut! Hut! Huts! Woman Over Hot Dog

The NBA's China Problem Gets Worse After 2 American Arenas Eject Hong Kong Supporters

Jackie Brown star Robert Forster dies aged 78

A Latina novelist spoke about white privilege. Students burned her book in response.

Trump speaks to media during meeting with Chinese officials (Phase 1 trade treaty agreed to)

'Deeply harmful: Democrats fear O’Rourke will aid Trump by calling for seizing guns and taxing churches

Shepard Smith Stepping Down From Fox News

Orators of the Democrat Party

(WHOA!) Trump on Joe Biden at Rally, "He understood how to kiss Barack Obama's *ss".

Biden: ‘We Allow The Homophobes’ To Control The Agenda

SCARRED FOR LIFE: Post-Op Transgenders Start Movement to Encourage People to ‘Detransition’

President Trump is a Choir Boy Compared to Other Recent Presidents

With Request to Testify via Letter, Fake Whistleblower Achieves Peak Absurdity

More People Killed by Knives Than by Rifles, Shotguns, But Handguns Used in Most Murders

"It Drove Like A Drunk-Driver": Consumer Reports Eviscerates Tesla's Smart-Summon Feature

Does Corporate America Really Want to Hold a National Referendum on Whether Americans Value Their Own Freedoms or Corporate Freedom to Import Chinese Censorship More?

Neil deGrasse Tyson reacts to report of asteroids barreling toward Earth (Suggests asteroid "Deflector" shield like an 'Atari' game to protect Planet from annihilation)

Florida man who claimed self-defense after shooting man over parking spot sentenced

Buckle Up . . . Your Gym Bag

18-Year Old US Soldiers Now Entering Afghanistan 18 Years After War Began

Not-So-Smart Summoning

Why Gilligan’s Island May be the Answer to Police Brutality

NBA Now Requiring All Players To Stand For Chinese National Anthem

Live: President Trump destroying Biden… and signs Executive Orders on transparency

TRUMP RIDS MAJOR U.S. CONTAINER PORT OF CHINESE COMMUNIST CONTROL

About that Fox News POLL...

James Clapper Admits He Was Following Orders From His 'Commander-In-Chief, President Obama'

Tom Cotton to IC IG: Your Evasiveness On Whether You Backdated Changes to the Whistleblower Process Borders on Criminal Obstruction

Complete Guide to the Scandals of the Obama Admin

Maria Bartiromo: IG Report on FISA “Will Be Released October 18th – As Thick as Telephone Book”…

Burisma Paid Joe Biden $900,000 for Lobbying – Ukrainian MP

White House Declares War on Impeachment Inquiry, Claiming Effort to Undo Trump’s Election

American democracy dies in the Democrat’s Deep State Darkness

Toy Box Propaganda

China Banned South Park After the Show Made Fun of Chinese Censorship

The U.K. Must Ban Pointy Knives, Says Church of England

British PM to contact White House if U.S. diplomat's wife fails to face fatal crash

L.A. Times: Adam Schiff’s Gay Lover Makes Claims Of Abuse

Dick’s Destroyed $5 Mil. Worth of ‘Assault Rifles’ to Keep Them ‘Off the Street’

If A Picture is Worth a Thousand Words, Then What Do These Memes Say? (Parts VIII & I)


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: 46
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