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U.S. Contains Enough Oil and Gas Reserves to Fuel Country for Decades, Petroleum Institute Says
Ms Sans Serif
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[quote:Anonymous Coward 787140:MV8xMzExODcxXzIxNTEwNjcwXzQ3MTJBOTdC] Too bad it's sold on a global market by private entities with a cartel and speculation which makes it the same as oil from any other country - that is to say I assume you aren't talking about starting a nationalized oil company... [/quote]
Jack Gerard, president and CEO of the American Petroleum Institute, said that if the Obama administration and Congress would allow the industry access to domestic oil and natural gas reserves, the United States would get the energy it needs, create hundreds of thousands of jobs, and the government would add more than $1.7 trillion to its coffers.
“The state of American energy must be strong in order for the American economy to thrive,” said Gerard in a speech at the Newseum on Tuesday. “How then do we strengthen the state of American energy?”
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