Friday, July 22, 2011

If we really wanted to lower the unemployment rate and put Americans to work.....

Written by IHS Cambridge Energy Research Associates and IHS Global Insight, the study shows that increasing the pace of permitting in the Gulf would boost employment opportunities in almost every state, enhance tax and royalty revenues, and help stabilize America’s energy security.

Specifically, the study shows that aligning the permitting process with the industry’s production capacity could result in:

230,000 American jobs;
More than $44 billion in US gross domestic product;
Nearly $12 billion in tax and royalty revenues for state and federal treasuries; and
$15 million reduction in the amount the US sends to foreign governments.

And that’s by the end of 2012.

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