Western states could out-produce what U.S. now imports from Saudi Arabia, Russia and four other countries

America's energy-rich western states stretching from North Dakota and Montana on the Canadian border to New Mexico on the Southern border can produce enough oil and natural gas to replace what America presently imports from Saudi Arabia, Nigeria, Columbia, Algeria, Iraq, Russia, Venzuela, and Kuwait, according to a new study conducted for the Western  Energy Alliance.</p>

The study was conducted for the alliance by EIS, with data analysis provided by ICF.   

According to the study's executive summary, the western states can produce as much as 1.3 million barrels of oil per day by 2020, and 6.2 trillion cubic feet of natural gas annually by the same year.

Other finds of the study include:

• Investment in western energy development could increase to $58 billion annually by 2020. This prospective growth is more than double the investment made in 2010.

• The number of direct, indirect and induced jobs in the oil and natural gas sector is projected to increase by 16% to 504,120 by 2020.

• Annual state severance tax collections in the West are projected to increase from $2.1 billion in 2010 to $5.6 billion by 2020, generating a significant revenue windfall for schools, infrastructure and other basic services.

The complete study can be read here.

The WEA has also produced an excellent video that explains the multitude of regulatory and environmental obstacles that currently exist and that may well prevent most or virtually all of this potential energy from ever being harvested for American consumers.

See the video below:

 

Beltway ConfidentialenergyoilUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Indoor dining at John’s Grill. (Kevin N. Hume/S.F. Examiner)
State’s mask mandate to continue until June 15 reopening despite CDC guidance

By Eli Walsh Bay City News Foundation California will wait until next… Continue reading

International Bird Rescue helped save Bay Area birds that were contaminated by mysterious goo in 2015. (Mike Koozmin/S.F. Examiner file photo)
International Bird Rescue marks 50 years of wildlife protection

Group established in wake of massive oil spill continues essential rehabilitation, research

A cyclist heads past an artistic sign onto Page Street, a Slow Street, at Stanyan Street near Golden Gate Park on Monday, April 12, 2021. (Kevin N. Hume/S.F. Examiner)
Push to make street closures permanent meets with resistance

Hastily thrown together during the pandemic, Slow Streets program now struggles to build support

Agnes Liang, who will be a senior at Mission High School, is running for one of the two student representative seats on the San Francisco Unified School District Board of Education. (Kevin N. Hume/S.F. Examiner)
Turbulent year on school board leaves student delegates undeterred

Around this time last year, Shavonne Hines-Foster and Kathya Correa Almanza were… Continue reading

Most Read