President Trump recently proposed opening up more federal land and offshore for oil and natural gas exploration. That's good news.
Federal revenue from leasing onshore oil and natural gas resources averaged $3 billion annually between 2005 and 2014. Federal revenue from leasing offshore resources $8 billion annually for the same time period. That's $11 billion total annually.
But that's not the whole story. While most of those years hovered around $11 billion, the federal government took in $24 billion in 2008 alone, nearly twice the next highest year (2006).