Texas produces almost twice as much on a daily basis so you can almost double the revenue and stack it on top of the ND production.
That is a big reason that Texas’ fiscal surplus will grow from about 8 billion in 2012 to 20 billion in 2013.
None of this includes the sales of natural gas which are also massive and global in impact.
Palin’s drill baby drill could easily reverse the fiscal and economic course of the nation at every level.
We are discussing only the direct sale impacts of the oil without the ancillary effects of having 2-4% taken off the national unemployment rate within these states. The general drag on budgets is greatly reduced when people actually hold jobs.
If the dozen to 30 US states that could massively increase either oil or gas production were allowed and encouraged to do so the nation would enjoy a massive renaissance.
Natural gas so dramatically reduces the cost of electricity in the US that it now threatens to bring all manufacturing from Europe and much of it from China back home. Energy is just too cheap in America right now for manufacturers to continue production overseas.
Frankly, I am a little nervous Obama and the dems will get the credit for this inevitable boom. That is absolutely false but it is a risk.