The US imports 10 million barrels of oil per day. 1 At $60 per barrel that is $600 million per day, $219 billion per year. That represents about 1.5% of US GDP.
How many jobs would $219 billion create? If only half of it went to salaries, nearly 1.1 million $100,000 per year jobs could be created.
Those are numbers even a politician can understand.
It is time to stop funding anti-American governments in Russia, Venezuela and the Middle East with our oil money. We need to develop our natural resources and create jobs in the United States.
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Tags: foreign energy dependence, imported oil, oil
