Blue_arrow
Posts:
3,530
Registered:
Jul 2, '08
Extended Info (if available)
Real Post Cnt: 3,385
User ID: 1,307,026
|
Subject:
royalties to actually pay off the national debt
|
"But you all know the dirty little secret. The reason we can't tell the truth to the Saudis is we rely on them for oil. So I am in favor as a matter of national security of having an American energy plan making us independent of the Middle East by producing oil and gas in the U.S.," Gingrich said.
By fully exploiting oil and natural gas reserves in the U.S., Gingrich said the country could create more than a million new jobs, save $500 billion in revenue being sent overseas and generate $16 to $18 trillion in royalties from allowing federal land and offshore seas to be drilled.
"(The royalties) would actually come in the next generation to somewhere between $16 and $18 trillion...about as much as the national debt. So if you sequestered it over here and balanced the budget, you could use the oil and gas royalties to actually pay off the national debt," he said.
"So, in one strategy, you quit bowing to the Saudis and you quit bowing to the Chinese. Because you buy back your debt with the money that used to go to the Saudis."
In addition, Gingrich said such a strategy would reduce gas prices below $2.50 a gallon, as opposed to the $5 to $6 a gallon prices he said would come with another Obama term. Such price increases would lead to another economic recession
http://www.covnews.com/section/13/article/26888/
-----signature-----
|
|
Link to this post
|
Sin_of_Onin
Posts:
35,113
Registered:
Jun 29, '05
Extended Info (if available)
Real Post Cnt: 23,763
User ID: 1,062,657
|
Subject:
royalties to actually pay off the national debt
|
Then MOONBASE!!!!
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
royalties to actually pay off the national debt
|
-----signature-----
(none)
|
|
Link to this post
|
Scarne
Title: Capo di Scientifico
Posts:
27,710
Registered:
Jul 23, '01
Extended Info (if available)
Real Post Cnt: 22,798
User ID: 272,061
|
Subject:
royalties to actually pay off the national debt
|
There is no way it would create a million new jobs. 
-----signature-----
E Pluribus Unum
|
|
Link to this post
|
paulg_68
Posts:
30,961
Registered:
Jul 27, '09
Extended Info (if available)
Real Post Cnt: 30,669
User ID: 1,364,918
|
Subject:
royalties to actually pay off the national debt
|
If libtards measured job creation from oil production the same way as they measure it with the stimulus it could create 50 million jobs.
-----signature-----
If you wish to make an apple pie from scratch... http://www.youtube.com/watch?v=zSgiXGELjbc "Everyone has a chance to become rich." - Groucho48 "Most of the human wealth on earth exists between the ears of live human beings." - theredkay1
|
|
Link to this post
|
Blue_arrow
Posts:
3,530
Registered:
Jul 2, '08
Extended Info (if available)
Real Post Cnt: 3,385
User ID: 1,307,026
|
Subject:
royalties to actually pay off the national debt
|
obama urges Saudis to pump up oil production as gas prices rise
Chuck Schumer is leading a charge on the Democratic side to tackle the country's energy woes with pumped-up production overseas.
Schumer's letter to Clinton noted that Saudi Arabia is averaging about 10 million barrels of oil a day, short of its 12.5-million-barrel capacity.
"These lower production levels have a negative impact on global markets," he wrote
Read more: http://www.foxnews.com/politics/2012/03/01/schumer-urges-saudis-to-pump-up-oil-production-as-gas-prices-rise/#ixzz1pb67z1A8
to start producing it here in America is crazy but Obama and Democrats as no problem kissing muslim ass
-----signature-----
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
royalties to actually pay off the national debt
|
How is demanding the Saudis pump more oil to lower the price we pay "kissing Muslim ass"? That doesn't make any sense.
Only a stupid person would......ohhhhh.
-----signature-----
(none)
|
|
Link to this post
|
Blue_arrow
Posts:
3,530
Registered:
Jul 2, '08
Extended Info (if available)
Real Post Cnt: 3,385
User ID: 1,307,026
|
Subject:
royalties to actually pay off the national debt
|
Yukishiro1 posted:
How is demanding the Saudis pump more oil to lower the price we pay "kissing Muslim ass"? That doesn't make any sense.
Only a stupid person would......ohhhhh.
Democrats have no problem kissing muslim ass to get Obama reelected, Democrats know raising oil production levels lowers the cost of fuel and have spent the last 3 years blocking every oil project, now they are on their knees kissing muslim ass to get Numbnuts reelected becouse of his failed energy policys
Schumer's letter to Clinton noted that Saudi Arabia is averaging about 10 million barrels of oil a day, short of its 12.5-million-barrel capacity.
"These lower production levels have a negative impact on global markets," he wrote
obama quotes "drill baby drill is just a bumper sticker"....... look who is kissing muslim ass NOW !!
-----signature-----
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
royalties to actually pay off the national debt
|
Domestic oil production is higher than it has been since 2003. As usual, you are wrong about everything.
-----signature-----
(none)
|
|
Link to this post
|
reesescups
Title: //Captain America
Posts:
47,567
Registered:
May 26, '03
Extended Info (if available)
Real Post Cnt: 40,845
User ID: 805,977
|
Subject:
royalties to actually pay off the national debt
|
Blue_arrow posted:
Democrats know raising oil production levels lowers the cost of fuel
Really cause the US is producing more oil that it ever has, and the world is producing more oil than it ever has - yet fuel is damn near at an all time high...
Guess those Democrats are just effing morons for believing that kind of nonsense...
Blue_arrow posted:
and have spent the last 3 years blocking every oil project
More drilling permits, and land leases have occurred in the last 3 years in the US than all the previous 8 years...
Where do you get your information????
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
