Friday, March 5, 2010

Not expanding drilling may cost U.S. $2.4 trillion: study

Subject: txt engry -
The U.S. economy will lose $2.4 trillion over the next two decades if the federal government does not allow oil and natural gas drilling in restricted onshore lands and in offshore areas previously closed to energy companies, according to a new study released on Monday. The report, prepared for the National Association of Regulatory Utility Commissioners, also said U.S. imports of crude oil, petroleum products and natural gas would increase by $1.6 trillion over the period without access to the energy resources...

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1 comment:

Anonymous said...

$2.4 Trillion? Report on Costs of Drilling Moratorium Has Holes, Economists Say-see http://solveclimate.com/blog/20100218/2-36-trillion-report-costs-drilling-moratorium-has-holes-economists-say