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

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.

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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

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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.

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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. 

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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

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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!!

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