New at Reason: Jon Basil Utley on Alaskan Oil Abundance Versus Washington's Wasted Billions

September 22, 2009

Oil imports now count for almost 80 percent of American consumption and cost some $300 to $400 billion yearly. They wreck our trade balance, subsidize many of our enemies, and add to our already mountainous foreign debt. But as Jon Basil Utley writes, new oil drilling in Alaska and off America's coasts would create hundreds of thousands of American jobs and billions of dollars in real tax revenue for Washington.

Read all about it here.