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IPFS News Link • Energy

MAP: The US Government Is Sitting On $128 Trillion Worth Of Minerals

• Business Insider
 According to their estimates, those assets are worth $128 trillion. That's around eight times the national debt.

From IER:

These resources could be leased under the right government policies to earn the state and national government royalties, rents, and bonus payments that CBO conservatively estimates could total almost $150 billion over 10 years for the oil and gas leases alone. That figure excludes tax payments that would be provided to state and national governments from the direct and indirect effects of unleashing tens of trillions of dollars of economic activity here in the United States and the extended benefits of more supplies on reducing the costs of energy for consumers and businesses