Posted on 11/16/2017 8:02:32 AM PST by SpeedyInTexas
Following spirited discussion on both sides of the issue, a vote was called at the Energy and Natural Resources committee hearing, regarding new legislation proposed by Sen. Murkowski.
By a vote of 13 in favor and 10 opposed, the legislation passed out of the committee just after 8 a.m.
(Excerpt) Read more at ktuu.com ...
Well, there is no specific answer to your question. The answer depends on how much recoverable oil there is in ANWR, the price of oil, the royalty rate paid to the US government, amongst other factors.
A simple calculation is the following:
10 billion barrels of oil (recoverable)
oil at $50 per barrel
US government is paid a royalty of 12.5%
10,000,000,000 * $50 * 12.5% = $62.5 billion in royalties paid to the US government over the extraction period.
How many jobs are created? No idea.
Remember, NO taxpayer money is spent. Money is sent to the Treasury.
Ahha my apology, I should not be so serious lol seriously
don’t let it happen again!
:) <~~ smiley face absolves me of any responsibility for being rude
ANWR legislation was included in the Senate’s tax bill and Murkowski voted for it.
https://www.washingtontimes.com/news/2017/dec/2/oil-drilling-anwr-moves-ahead-part-senate-tax-bill/
Drill, baby, drill
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