Post Tagged with: "Consumer Energy Alliance"

February 17, 2010 03:00

Oil-and-gas drilling bans will cut GDP by $2.36 trillion

This should provide some ammo for industry groups pushing the White House to allow wider drilling: A new report says U.S. oil-and-gas drilling bans will increase consumer energy costs and decrease cumulative U.S. GDP by $2.36 trillion over the next two decades
That’s an average annual GDP drop of roughly a half a percent.