Trump’s new drilling policy would fuel economy even more

[Right_in_Virginia]

Trump’s new drilling policy would fuel economy even more
Conservative Review, Jan 5, 2018, Daniel Horowitz

We can’t tax or spend our way into prosperity, but along with some other growth-friendly policies, we can drill our way into prosperity. To a large extent, that is already happening.
 
Yesterday, Trump’s secretary of the interior, Ryan Zinke, announced a five-year energy strategy to open up all offshore drilling areas — in the Gulf, Atlantic, Pacific, and off Alaska’s coast — to leasing. The plan includes 47 potential lease sales: 19 off the coast of Alaska, 7 in the Pacific region, 12 in the Gulf of Mexico, and 9 in the Atlantic region — the most of any proposed plan. Under current practice, 94 percent of the outer continental shelf is off-limits to drilling, whereas Trump’s plan would open 98 percent of the recoverable reserves to extraction.

Together with the tax cuts, this plan will help grow the economy, create jobs, increase revenue for the feds and for the states, and realign our national security and foreign policy strategy by taking away leverage from Russia and Islamic countries who use oil as a weapon for geo-political bullying.


More: https://www.conservativereview.com/articles/trumps-new-drilling-policy-fuel-economy-even/

[IsailedawayfromFR]

It is not just the economy getting fueled.

It is also some of the reasons the Mullahs are being threatened and the Saudis are cleaning house and looking for other ways to make money rather than selling crude oil.

America is quite the energy giant now, and needs imported oil less and less while reining in inflated oil prices by OPEC.