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Did You Know?

The oil and natural gas industry supports more than 9.2 million U.S. jobs.

Marcellus Shale development could create 113,000 American jobs by 2015.

Greater Canadian oil sands production could create more than 500,000 new U.S. jobs.

The oil and natural gas industry pays the federal government approximately $86 million a day.

America has enough oil and natural gas to power 65 million cars for 60 years.

America has enough oil and natural gas to heat 60 million households for 160 years.

Royalty revenue from energy production provides the U.S. Treasury with more than $25 million each day.

The oil and gas industry invested more than $2 trillion in U.S. capital projects since 2000.

The Eastern Gulf of Mexico may hold 3.8 billion barrels of oil.

Offshore energy development in the Atlantic could create another 3.8 billion barrels of oil.

Allowing offshore drilling in the Atlantic could create 37 trillion cubic feet of natural gas.

Increased domestic shale development could add as many as 317,000 American jobs by 2015.

Hydraulic fracturing has been used safely in 1 million wells over the past 60 years.

The United States has the most technically recoverable oil and natural gas resources in the world.

Offshore, America may have nearly 101 billion barrels of oil and 480 trillion cubic feet of natural gas.

From Our Blog view more...

Unused Leases? You’ve Got to be Joking! »

The warmed-over claim that oil and natural gas companies aren’t using large numbers of leases on public lands is like a Mark Twain line: What’s the difference between a cat and a lie? A cat only has nine lives!

Seriously, here we go again, with the administration claiming (again) that leases in federal areas offshore and onshore aren’t being used. It made similar claims in 2009 and again last year. Politico Pro [subscription required] says this year’s report is basically last year’s with a few updated numbers. Here’s a statement from Interior Secretary Ken Salazar:

“These lands and waters belong to the American people, and they expect those energy supplies to be developed in a timely and responsible manner and with a fair return to taxpayers.”