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  1. Here’s something to think about…

    According to the Energy Information Administration (EIA), the U.S. imports (on a net basis) over 8.4 million barrels of oil per day or about 45% of our daily needs. On the other hand, the U.S. has over 200 years of reserves. If we replaced all the imported oil with locally produced oil, at $90/barrel, that would represent $756 million per day in gross revenues or $276 billion per year. At 30% that’s over $80 billion a year in additional revenues for the Treasury not counting multipliers including savings from increased employment, offshoot businesses, and reductions in welfare participants.

    Democrats listen up. If you want to solve a revenue problem, the solution isn’t to tax more, it’s to create more revenue to tax.

    Comment by David — January 9, 2013 @ 7:52 am - January 9, 2013

  2. Public humiliation! What pressure! :-)

    Comment by ILoveCapitalism — January 9, 2013 @ 11:55 am - January 9, 2013

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