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Saturday, February 11, 2017

Trump: Drill, baby, drill -- on federal land

The federal government just sold drilling rights on 278 patches of federal land at auction, netting $129.3 million (or about 18 minutes worth of what the federal government will spend this year).

This is the largest sale of leases in four years.

Most of the leases, sold through the Bureau of Land Management, are in Wyoming.

From the Daily Caller:
“In the first lease sale under the Trump administration, the BLM had its biggest sale in the past four years,” Utah Republican Rob Bishop, chairman of the House Committee on Natural Resources, told The Daily Caller News Foundation. “Today’s successful sale in part is a recognition that the BLM under new leadership will prioritize fulfilling its statutory mandate of multiple-use land management and the holding of quarterly lease sales, and the industry is responding accordingly.”
Thursday’s lease sale is one of four BLM has planned for this year.
The Institute for Energy Research in December 2015 issued a study that claimed leasing more federal land to mine coal and drill oil and gas would boost the economy.

From the institute:

GDP increase:
• $127 billion annually for the next seven years.
• $663 billion annually in the next thirty years.
• $20.7 trillion cumulative increase in economic activity over the next thirty-seven years.
• These estimates include “spillover” effects, or gains that extend from one location to another location. For example, increased oil production in the Gulf of Mexico might lead to more automobile purchases that would increase economic activity in Michigan. Spillover effects would add an estimated $69 billion annually in the next seven years and $178 billion over thirty years.

Jobs increase:
• 552,000 jobs annually over the next seven years.
• Roughly 2.7 million jobs annually over the next thirty years.
• Jobs gains would be not only in fields directly related to oil, gas, and coal but more than 75% of the jobs would be in high-wage, high-skill employment like health care, education, professional fields, and the arts.

Wage increase:
• $32 billion increase in annual wages over the next seven years.
• $163 billion annually between seven and thirty years.
• $5.1 trillion cumulative increase over thirty-seven years.

Increase in tax revenue:
• $3.9 trillion increase in federal tax revenues over thirty-seven years.
• $1.9 trillion in state and local tax revenues over thirty-seven years.
• $24 billion annual federal tax revenue over the next seven years, $126 billion annually thereafter.
• $10 billion annual state and local tax revenue over the next seven years, $61 billion annually thereafter.

We could use cheap energy. Go for it.

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16 comments:

  1. I wonder if you could make one of those Foreverspin tops out of anthracite? I'd buy me one.

    ReplyDelete
  2. Damn...the President making money for the gubment, creating jobs, and producing more energy? After 8 eight years of Obummer, I was starting to think this was no longer possible. Way to go, Mr. Trump!

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  3. Let the lefties go to Wyoming and protest.

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  4. Waitaminit! This happened Thursday and I haven't heard NYT and WaPo heads exploding? Not to mention the TV and Greenies heads, too?

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  5. All good news accept this part, the more money the government gets the more corrupt it gets in Washington, if that's possible. I've got a naval idea, what if we let people keep the money and not give it to the political cartels.

    Increase in tax revenue:
    • $3.9 trillion increase in federal tax revenues over thirty-seven years.
    • $1.9 trillion in state and local tax revenues over thirty-seven years.
    • $24 billion annual federal tax revenue over the next seven years, $126 billion annually thereafter.
    • $10 billion annual state and local tax revenue over the next seven years, $61 billion annually thereafter.

    ReplyDelete
  6. I'm generally in agreement with oil and gas leases on federal land.

    That said, I've got just enough Boy Scout/Cub Scout conservationist left in me to be generally against arctic drilling or off-shore drilling if we can do without it for the time being. With fracking and slant-drilling it looks like we *can* do without it for now.

    Save it for later, after the land-based stuff is taken out of the ground. My feelings against off-shore (especially in the Gulf of Mexico) are due to getting tar balls stuck to me when I last went swimming in the Gulf. Granted, that was in the middle middle '80s, but it still grates my gears.

    ReplyDelete
    Replies
    1. Dan- a large amount of the Tar on beaches is due to natural seeps.
      Certain part of the Oregon coast has them in abundance..
      Drilling actually decreases seeps.
      That said-time for the hous eof Saud to eat sand...
      TG mcCoy

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    2. Natural seepage is one thing. It was quite a different amount of tarballs from when I was there in the '70s.

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  7. We have to watch them like a hawk, specifically the continuance of “Great Outdoors Initiative." Trump's people will most likely get it, because the green coalition(s) are going full moonbat.

    Seven years ago (2010) the NY Post ran a small "heads up" on Obama's land grab financed by lease funds that are basically outside of congressional oversight. This was at the "start" of what eventually went parabolic http://nyp.st/2lCWuuN .

    (Keep in mind, 2010)
    'It’s (The Land and Water Conservation Fund) paid for primarily with receipts from the government’s offshore oil and gas leases. Both Senate and House Democrats have included $900 million in full LWCF funding, not subject to congressional approval, in their energy/BP oil-spill legislative packages.

    This power grab, masquerading as a feel-good, all-American recreation program, comes on top of a separate, property-usurping initiative exposed by GOP Rep. Robert Bishop and Sen. Jim DeMint earlier this spring. According to an internal, 21-page Obama administration memo, 17 energy-rich areas in 11 states have been targeted as potential federal “monuments.” The lives of coyotes, deer and prairie dogs would be elevated above states’ needs to generate jobs, tourism business and energy solutions.'

    This eventually became a part of the Bundy "unpleasantness" in relation to property ownership and federal land acquisition in the West (but I digress).

    WWTRD (What would Teddy Roosevelt Do).

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  8. Open up Alaska’s North Slope. There is at least a hundred year supply there just waiting to be tapped. I’ve been there. It’s huge and desolate. A thousand drilling rigs would leave no discernible footprint. - Elric

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    Replies
    1. Yes, but a thousand redneck drillers would. Think of all the beer cans alone.
      Lets do this, create a new drilling company. headquarter it close to Point Barrow Alaska, then get the leftards to picket and protest.... Next December.

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  9. Energy independence.

    The Lefties talked about it.

    Trump does it.

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    Replies
    1. The leftard idea of energy independence is eating beans and bottling the farts.

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  10. The Federal Gooberment has got far too much land, IMHO. I don't recall the section of the Constitution which gives the gov't ownership of vast swathes of land, esp. in the West, but perhaps someone can point it out.

    It's probably in the same section that says the gooberment can print stacks of paper money with absolutely nothing to back it up, while paying a private organization to do the printing; i.e. it ain't in there at all.

    I'd like to see that land returned to We the People, so that the land returns to its actual owners, which also keeps said gooberment from throwing its weight around and gives power back to the States and the People.

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    Replies
    1. ALL the land outside the original colonies was purchased from various nations, some of it multiple times. What should be done is that land, held in trust, and sold to people who are U.S. citizens as they desire. Say some one spots a tract of land in Utah that they like. They contact the BLM who then offers it for sale via sealed bid. The person who was interested has the opportunity to bid and also the opportunity to take it for the highest bid since they made the initial proposal. That money then would be applied against the public debt.
      My two cents, got change?

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