A trillion-dollar missed opportunity – enough to pay U.S. deficit

A trillion-dollar missed opportunity – enough to pay U.S. deficit ExxonMobil's Perspectives Blog
According to a study by ICF International, expanding domestic energy development in America’s offshore areas could alone generate $1.3 trillion in government revenues over the life of the resource – along with major increases in jobs and economic activity that result from offshore development.

To put this figure in perspective, consider the following numbers:
In 2010, the U.S. federal budget deficit was $1.3 trillion.
The total U.S. national debt currently stands at about $13.8 trillion.
The U.S. oil and natural gas industry contributes more than $1 trillion a year to the U.S. economy.