If you read National Review, you would read this today:

The objective case for developing our oil and gas wealth is pretty straightforward. With the exception of climate change, pretty much everything the Obama administration considers a major problem would be improved by opening the floodgates to new exploration.

The deficit? The oil industry already pays the U.S. treasury more than $95 million a day in taxes, rent, royalties, and the like. If you expand exploration, you expand revenues. According to estimates, if America unlocked its oil and gas reserves, the government could take in somewhere between $1 trillion and $2 trillion in additional revenue over the coming years. And that’s not counting the increased revenues from the stimulus of lower fuel and energy costs.

Trade imbalances? Domestic oil and gas is, by definition, not imported. The more we produce here, the less we import, or the more we can sell overseas. Either way, the trade deficit goes down and GDP goes up.

Jobs? You can’t drill for American oil or natural gas in China, Saudi Arabia, or anyplace other than America. Oil- and gas-exploration jobs pay more than twice the national average.

If you read motorcitytimes.com, you would’ve read about this subject more than a month ago:

Real energy (not the wind or solar nonsense) and raw material production are the foundation of a strong economy. Obama’s latest oil drilling ban is not only going to destroy all the direct and indirect jobs in the effected areas, this ban will spread higher prices for virtually everything across the entire economy, causing further economic damage.

I’m glad the crew at NRO are finally coming around.

Further reading on the subject @ MCT:

Oil Spill Is Now An Excuse For Democrats Green Energy Agenda

CNN: The Solution To Rising Number Of Electrical Blackouts Is Not Increasing Power Supply

MCT Category Archives: Green Energy