"But you all know the dirty little secret. The reason we can't tell the truth to the Saudis is we rely on them for oil. So I am in favor as a matter of national security of having an American energy plan making us independent of the Middle East by producing oil and gas in the U.S.," Gingrich said.

By fully exploiting oil and natural gas reserves in the U.S., Gingrich said the country could create more than a million new jobs, save $500 billion in revenue being sent overseas and generate $16 to $18 trillion in royalties from allowing federal land and offshore seas to be drilled.

"(The royalties) would actually come in the next generation to somewhere between $16 and $18 trillion...about as much as the national debt. So if you sequestered it over here and balanced the budget, you could use the oil and gas royalties to actually pay off the national debt," he said.

"So, in one strategy, you quit bowing to the Saudis and you quit bowing to the Chinese. Because you buy back your debt with the money that used to go to the Saudis."

In addition, Gingrich said such a strategy would reduce gas prices below $2.50 a gallon, as opposed to the $5 to $6 a gallon prices he said would come with another Obama term. Such price increases would lead to another economic recession


http://www.covnews.com/section/13/article/26888/

 

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Then MOONBASE!!!!

 

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There is no way it would create a million new jobs.

 

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If libtards measured job creation from oil production the same way as they measure it with the stimulus it could create 50 million jobs.

 

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obama urges Saudis to pump up oil production as gas prices rise


Chuck Schumer is leading a charge on the Democratic side to tackle the country's energy woes with pumped-up production overseas.

Schumer's letter to Clinton noted that Saudi Arabia is averaging about 10 million barrels of oil a day, short of its 12.5-million-barrel capacity.

"These lower production levels have a negative impact on global markets," he wrote


Read more: http://www.foxnews.com/politics/2012/03/01/schumer-urges-saudis-to-pump-up-oil-production-as-gas-prices-rise/#ixzz1pb67z1A8


to start producing it here in America is crazy but Obama and Democrats as no problem kissing muslim ass

 

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How is demanding the Saudis pump more oil to lower the price we pay "kissing Muslim ass"? That doesn't make any sense.


Only a stupid person would......ohhhhh.

Democrats have no problem kissing muslim ass to get Obama reelected, Democrats know raising oil production levels lowers the cost of fuel and have spent the last 3 years blocking every oil project, now they are on their knees kissing muslim ass to get Numbnuts reelected becouse of his failed energy policys


Schumer's letter to Clinton noted that Saudi Arabia is averaging about 10 million barrels of oil a day, short of its 12.5-million-barrel capacity.

"These lower production levels have a negative impact on global markets," he wrote


obama quotes "drill baby drill is just a bumper sticker"....... look who is kissing muslim ass NOW !!

 

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Domestic oil production is higher than it has been since 2003. As usual, you are wrong about everything.

Really cause the US is producing more oil that it ever has, and the world is producing more oil than it ever has - yet fuel is damn near at an all time high...

Guess those Democrats are just effing morons for believing that kind of nonsense...



More drilling permits, and land leases have occurred in the last 3 years in the US than all the previous 8 years...

Where do you get your information????

 

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