Sign in to follow this  
Followers 0
JA

Offshore drilling plan could add $590 bn to economy-API report

Recommended Posts

The oil and natural gas industry urged Interior Secretary Ryan Zinke to maintain his offshore drilling plan and open up federal waters from coast to coast, saying it would bring in almost $600 billion for the economy. The American Petroleum Institute released four studies commissioned by the oil industry that found the offshore drilling proposal could contribute up to $590 billion to the U.S. economy within two decades.

Share this post


Link to post
Share on other sites

Most of which will go into the pockets of a few people. Can they at least promise us cheaper gas and they can keep billions

Share this post


Link to post
Share on other sites

2 minutes ago, 李伟王芳 said:

Most of which will go into the pockets of a few people. Can they at least promise us cheaper gas and they can keep billions

Jobs produce American wealth, more tax revenue, and more oil supply reduces cost for transportation of food, as an example.

Share this post


Link to post
Share on other sites

38 minutes ago, 李伟王芳 said:

Most of which will go into the pockets of a few people. Can they at least promise us cheaper gas and they can keep billions

What is the basis for this claim? Whatever is good for the US oil and gas industry is economically good for US citizens--the alternative is that the US oil industry doesn't thrive as much. Not sure how this would be better for the US economy. Seems like a weird argument. 

Share this post


Link to post
Share on other sites

3 hours ago, JohnAtronis said:

Jobs produce American wealth, more tax revenue, and more oil supply reduces cost for transportation of food, as an example.

remember how the BP horizon really boosted the southern states economies

Share this post


Link to post
Share on other sites

3 hours ago, JohnAtronis said:

The oil and natural gas industry urged Interior Secretary Ryan Zinke to maintain his offshore drilling plan and open up federal waters from coast to coast, saying it would bring in almost $600 billion for the economy. The American Petroleum Institute released four studies commissioned by the oil industry that found the offshore drilling proposal could contribute up to $590 billion to the U.S. economy within two decades.

API says drilling is fantastic for the nation? Well, I guess that's that!!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0