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Sat Aug 25, 2012, 09:17 PM

 

Romney: open federal lands to drilling. How much oil and gas ? [View all]

Romney would open federal lands to drilling. How much oil and gas is there?

The report found that opening up all of these areas would bring in $7 billion in tax revenue over the next decade. Thatís fairly small compared to the $148.9 billion in royalties that the federal government is expected to receive from existing leases.
Why so little revenue? In part because those currently restricted areas donít seem to have much oil and gas compared with whatís already available. Hereís a chart that might help clarify matters:


http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/25/romney-would-open-federal-lands-to-drilling-how-much-oil-and-gas-is-there/

(If someone can tell me how to copy and paste the chart, I'd gladly add it, but for now, since I'm new and don't know how, you'll just have to follow my link to the article.)

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Reply Romney: open federal lands to drilling. How much oil and gas ? [View all]
DavidL Aug 2012 OP
caraher Aug 2012 #1
DavidL Aug 2012 #4
blkmusclmachine Aug 2012 #2
66 dmhlt Aug 2012 #3
BrendaBrick Aug 2012 #5