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Not expanding drilling may cost U.S. $2.4 trillion

Tom Doggett (REUTERS)
WASHINGTON
Tue Feb 16, 2010 7:34am EST

WASHINGTON (Reuters) - The U.S. economy will lose $2.4 trillion over the next two decades if the federal government does not allow oil and natural gas drilling in restricted onshore lands and in offshore areas previously closed to energy companies, according to a new study released on Monday.

Read the rest here:
http://www.reuters.com/article/idUSTRE61B2R520100216

Statistics

There are 194,500 acres represented in the Coalition as of 8/18/2010. The latest gas offers in New York State are $3000/acre with 20% royalties.

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