According to a study by ICF International, expanding domestic energy development in America’s offshore areas could alone generate $1.3 trillion in government revenues over the life of the resource – along with major increases in jobs and economic activity that result from offshore development.
To put this figure in perspective, consider the following numbers: In 2010, the U.S. federal budget deficit was $1.3 trillion. The total U.S. national debt currently stands at about $13.8 trillion. The U.S. oil and natural gas industry contributes more than $1 trillion a year to the U.S. economy. http://www.exxonmobilperspectives.com/2010/12/06/a-trillion-dollar-missed-opportunity-enough-to-pay-u-s-deficit/?utm_source=paid.outbrain.com&utm_medium=cpc&campaign=Trillion_Dollar -- -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. --- You received this message because you are subscribed to the Google Groups "PoliticalForum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
