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To: SpeedyInTexas

What a silly answer.. I expect that from salon, but I expect facts here. I asked an honest question.


19 posted on 11/16/2017 9:44:01 AM PST by momincombatboots (White Stetsons up.. let's save our country!)
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To: momincombatboots

http://www.rigzone.com/news


20 posted on 11/16/2017 10:01:44 AM PST by Spitzensparkin1 (Arrest and deport illegal aliens. Americans demand those jobs back! MAGA!)
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To: momincombatboots

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.


22 posted on 11/16/2017 11:48:01 AM PST by SpeedyInTexas
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