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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Yep, three reasons. ECONOMY, ECONOMY, ECONOMY!!!!!
I'm for drilling for oil in the US, but we first need to break the backs of the big oil companies who are gouging the american people on the price of gas! When the price of crude dropped substantially, the price of gas only dropped a few cents a gallon! They are rolling in emense net profits! Why drill here when the oil companies will charge us the same price for gas? We need to get organized and boycot the oil companies for one month to show them that we will no longer buy it at their rediculous prices!
Why the short list.. There must be 100 other reasons.. Wake up America our country is being run like a ship of fools..
Tradewinds, Obozo, our Liar in Chief will NOT allow us to drill for oil!! He wants to hurt this country as much as he possibly can, and we have more oil in ND than Saudia Arabia!! Please see this video and pass it on!! It's called Conspiracy of silence, and the FBI may have even commited MURDER to keep it under wraps…It may be taken down soon!! http://www.youtube.com/watch?v=weSzkIB8184
So true Eddie.. The way to bring down the American economy and then the United States is to restrict the supply of energy.. This is now the hallmark of United States foreign policy as we turn over the world's oil reserves to the to the Islamic terrorist.. When will America wake up from its bad dream and revolt against the creeping hand of communism?? Good Americans must stand up to tyrannical government or we shall parish..
Thanks to the illegal usurper corrupt muslim
I though Barry promised to end our reliance on foreign oil?
thought – not though
Lysdexia kickin in.
He did.
But I guess those CALM, SUNLESS DAYS did his promise in?
If the Democrats were worth a plugged nickel we could get Obama out of the Whitehouse and get his address changed to Leavenworth Kansas! I can't recall how long it has been since the democrats did anything that was right or worthwhile, but it has been a very very long time!!
Yes, there is enough oil in these Unied States to make us energy independent for the next 50 years. Now just who is holding US Back…Your congress. EPA, Your president.
Vote them out in 2012.
Amendment 28!
Look it up…push it.
Balken reserves!