Vast Oil Reserves Go Unexploited in Alaska

The skyrocketing price of oil will pull all other prices behind it, reducing the value of every dollar you’ve earned. Rising prices are a result of insufficient supply. In the case of oil, insufficient supply is a result of moonbattery:

A new study says drilling on Alaska’s Outer Continental Shelf (OCS) could make Alaska the eighth largest oil resource province in the world — ahead of Nigeria, Libya, Russia and Norway.

The report — by the consulting firm Northern Economics and the University of Alaska-Anchorage’s Institute of Social and Economic Research — says that developing Alaska’s OCS could produce almost 10 billion barrels of oil and 15 trillion cubic feet of natural gas, create around 55,000 new jobs and produce $145 billion in new payroll nationally, generating a total of $193 billion in government revenue through the year 2057.

Meanwhile…

The Washington Post reported on Thursday that U.S. pump prices for regular gasoline jumped 4 cents a gallon overnight to $3.23, an 8-cent-per-gallon increase in the past week and 55 cents more than a year ago.

The solution is simple: Drill Here Drill Now. But the Sierra Club wouldn’t like it, so our rulers won’t let it happen. Besides, Comrade Obama wants energy prices to “skyrocket.” He told us so before the country went insane and elected him anyway. Unsurprisingly, he has been putting off-shore drilling companies out of business.

rising gas prices

On a tip from G. Fox. Cross-posted at Moonbattery.

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