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Posts Tagged ‘American Petroleum Institute’

ICF International just completed a study for the American Petroleum Institute which has some rather interesting findings that is all liklihood will be ignored by the enviro-winnies – not to mention our new co-called Commander-in-Chief:

      Development of resources in moratoria areas and other places currently off limits could lift U.S. crude oil production by as much as 2 million barrels per day in 2030, offsetting nearly a fifth of the nation’s imports.
      Natural gas production could increase by 5.34 billion cubic feet per day, or the equivalent of 61 percent of the expected natural gas imports in 2030.
      Development of these resources could generate more than $1.7 trillion in government revenue in the form of royalties and taxes.

The study also estimates that 160,000 jobs for Americans would be created.

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