What’s the current economic situation in the United States?
• The United States has a huge federal debt, with many states also having crushing debt loads.
• The United States has extremely high unemployment levels, as well as considerable hidden unemployment.
• The United States spends billions of dollars importing oil from countries besides Canada.
These are formidable economic challenges that harm the economy and lower the standard of living of Americans.
The United States also has massive quantities of oil locked up in the outer continental shelf, the deepwater’s of the Gulf of Mexico, in Alaska and under federal lands.
Drilling and producing this oil could contribute mightily to solving the country’s economic problems.
It’s been said that there is enough oil in North America, which includes Canada and Mexico, to supply all our needs for decades.
Recently the man, Howard Hamm, who is given credit for unlocking the oil from the Bakken shale, has said that producing America’s oil could result in royalty payments of $18 trillion to the federal government.
Read More at epaabuse.com By Donn Dears, epaabuse.com
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