Study: Unlocking America’s Energy Is The Best Economic Stimulus

The Institute for Energy Research released a new study in December 2015 which considered the economic impacts of opening all federal lands and waters to oil and gas production. The report provides an update to a similar 2013 study in light of the current low price of oil. Despite reduced prices, opening federal lands, such as the Arctic National Wildlife Refuge or the Atlantic and Pacific oceans, could result in a $127 billion annual increase in gross domestic product, create more than half-a-million jobs, and produce $24 billion in annual federal tax revenue over the next seven years. The study is available here.