6/18/08

The Benefits of Pumping Domestic US Oil ...

For every additional million barrels of oil we pump per day we gain:

  • a 6% reduction in our trade deficit
  • 500,000 new US jobs
  • 45 Billion dollars stay in America which strengthens the dollar
If we were to double our domestic production from 5 million to 10 million barrels per day we would:
  • reduce the trade deficit by 30+%
  • create 2,500,000 new jobs
  • 220 Billion dollars stay in America

Any reduction in the price of gasoline at the pump would be icing on this wonderfully beneficial cake ...