For starters, it would promote oil exploration in the Outer Continental Shelf of the Atlantic and Pacific Oceans. It would allow private entities to lease the sites and tap into what is believed to be 14 billion barrels of oil. Revenues brought in from the leases would be shared amongst the states, the Federal treasury and the Land and Water Conservation Fund. This drilling would be done with respect for the environment. Just look at Dubai’s model for success: They can tap offshore oils, they do it very cleanly, and their economy is booming because of it.