NetGain’s Interest:

NetGain’s mission is to provide value added, independent information for income property. Why is NetGain interested in the current downturn in the economy? What drives the American economy is the same characteristic that drives the value of income property: Jobs. A strong employment base is synonymous with a strong economy and increasing values in income property. The recovery of the current economic downturn is predicated on reducing unemployment and creating an extra bump in the size of the employment base. The income properties located in those areas where that bump will take place will benefit the most.

The Solution:

Greasing the credit markets, and temporarily resolving the toxic loans puts the economy back where it was before the new record $10.7 national debt. It doesn’t solve the problem of how the federal government will create 7.5 million new jobs (civilian) that will address this new record national debt. Opportunity comes in many forms. Sometimes it’s the result of competent leadership. Sometimes it’s the result of leadership being beaten over the head so many times that they finally succumb and accept the inevitable. That appears to be the case for America’s next socioeconomic change that will create the jobs necessary to address the national debt. The inevitable is the creation of an energy independent America. An energy independent America will be the socioeconomic change that creates the jobs that generate the leasehold revenue, royalty revenue, corporate tax revenue, individual tax revenue, increased national security, and all of those important quality of life issues. Everyone wins!

How:

First, the government has to go through an attitude change. Developing energy independence has to be approached with the same attitude as fighting a war – as if your life depended on it. Using the same sense of urgency as a war, don’t find the reasons why things can’t be done – find the ways to get it done. In 1941, after Pearl Harbor was attacked, America was a minor manufacturer of planes, tanks, and ships. Within two years we were manufacturing more planes, tanks and ships than the rest of the world combined.

It is not clear if a single source of energy or some combination of energy sources will give us independence. It is also not clear what the time frame is for each energy source. Given these two assumptions, the plan for energy independence can only be based on a full scale, all-out attack on the four main energy sources: oil, nuclear, wind, and solar. Following is a brief summary of those four key energy resources.

Oil Highlights:
Source: The Department of Interior

• The Minerals and Management Service (MMS) manages 1.76 billions acres of the Outer Continental Shelf (OCS)
• According to 2007 figures, 43 million acres (2.4%) account for 27% of domestic production.
• According to 2007 figures, the OCS accounted for 7% of America’s oil consumption.
• The leasehold income and royalties for 2007 from OCS leased acreage produced $10 billion (the largest non tax revenue to the federal government).
• Instead of charging an excess profits tax, why not lease more OCS acreage to create jobs, generate income for the federal government, and keep more money in the country by buying less oil from other countries.

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