Detailed text transcripts for TV channel - FOXNEWS - 20120414:05:38:00
Self-sufficient in our oil needs. we'll be part of the global marketplace. but imagine if it had four or five million more barrels a day from this hemisphere. then add the jobs. a million new jobs. tax revenue would boggle your mind. it's over 127 billion in new tax revenue. instead what is happening we're seeing this less production as we were talking about on federal lands, a lot less. just in the gulf of mexico, 230,000 barrels less production last year. that alone we could have $5 billion from the lost production we're having but instead. let's tax the industry more. we are heavily taxed i...