Oil and natural gas produced here in the United States are likely to still account for at least 57 percent of domestic energy consumption by 2035.
When Interior Secretary Ken Salazar heads before the Senate Energy and Natural Resources Committee on Wednesday, Americans — particularly the 9.2 million directly or indirectly working in the oil and gas industry — would be ill served if the question isn’t asked: Are the thousands, and counting, of out-of-work Americans in the Gulf region and beyond a worthwhile consequence of your department’s freeze?
The Interior Department’s six-month moratorium on offshore oil production has cost 8,169 jobs, according to a study by one Louisiana State University professor, along with more than $487 million in wages and nearly $98 million in forfeited state tax revenues in the Gulf states alone.
This doesn’t include the impact felt nationwide by truckers who transport goods, farmers who use oil to raise and harvest crops and working families paying more at the pump.
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