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September 14th, 2011
The Easiest Way Obama Could Create Jobs

 

 

 

The video, which depicts a video illustrating the negative economic impact of the slow pace of permitting and the de-facto drilling moratorium in the U.S. Gulf of Mexico. It is only 4 minutes long. The information provided in the video comes directly from the HIS Global Insight and IHS-CERA report on the economic effects of the moratorium that was released last month. This video shows how the moratorium affects businesses all over the country. Here are some fast facts for your listeners.

 

 

Per the study, if returned to pre-moratorium output, the Gulf of Mexico oil and gas industry would provide in 2012 alone:

•           230,000 new American jobs (The study shows the addition of another 199,000 new American jobs in 2013);

•           more than $44 billion of US gross domestic product (GDP)

•           nearly $12 billion in tax and royalty revenues to state and federal treasuries

•           US oil production of more than 400,000 barrels of oil per day, or approximately 150 million barrels for the full year

•           reduce the amount that the United States spends on imported oil by around $15 billion


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