Rep. Upton proposes more oil, gas drilling to boost revenue

09/8/2011 | Platts

Opening up more sites to oil and natural gas exploration could generate more revenue, said Rep. Fred Upton, R-Mich., a member of a special panel on deficit reduction. "We can grow by expanding energy production, which will create significant new jobs while bringing in federal bonus bids and royalties not to mention significant tax receipts from increased economic activity," Upton said in prepared notes.

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