Offshore Drilling Ban Costing America 3.7 Million Per Day!

Ken Salazar has no intention of allowing us to drill off shore or anywhere else. This is just another way of bring down the United States economy to where all of us will have no choice but to live lives that reflect the agenda of less than 1% of the population - the progressive liberal left eco-fascists.

The United States now sends over seas more than 700 billion dollars to obtain petroleum products, oil and gas. I wonder how this would affect the deficit if we didn't have to spend this money over seas for products that we have here in abundance?

With demand growing by more than 8 percent per year for more petroleum products, it certainly makes sense for us to stop producing more oil or natural gas, right? Why would we do this in the face of such problems with energy production in our country?

Could Offshore Drilling Reduce the Deficit?
Source: Robert Bluey, "Could Offshore Drilling Reduce the Deficit?" Texas Insider, January 20, 2011

Sen. David Vitter (R-La.) wants the Obama administration to provide Congress with data on the federal government's offshore drilling revenue -- information that would show just how much President Obama's antidrilling policies are impacting the budget, says the Texas Insider.

Based on recent projections from the U.S. Energy Information Administration, production in the Gulf of Mexico is expected to drop this year by 220,000 barrels per day.
With oil currently at $90 a barrel and the government's royalty rate at 18.75 percent, that equals $3.7 million in lost federal revenue each day.

Last fall Vitter asked the Interior Department to share revenue figures, but Interior Secretary Ken Salazar ignored the request. Now, Vitter is taking his case directly to the White House.
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