Drilling = JOBS

U.S. Representative Landry holds a sign in his lap during U.S. President Obama's address to a joint session of Congress on Capitol Hill in Washington

The truth is that normal free market forces create jobs requiring absolutely no government funding. Not only is this fact true, the very process of jobs created by free market forces is a revenue increase to the Federal, State, and local community governments.

The by-product of cheap energy is an unleashed economic dynamo.

Keneysian economic plans simply divide an ever decreasing economic pie.

According to energy research firm Wood Mackenzie:

Wood Mackenzie’s analysis found that U.S. policies which encourage the development of new and existing resources could, by 2030, increase domestic oil and natural gas production by over 10 million boed [barrels of oil equivalent per day], support an additional 1.4 million jobs, and raise over $800 billion of cumulative additional government revenue. Whereas increasing regulatory burdens on the oil and gas upstream sector will result in higher development, costs which can potentially hinder the growth of production tax revenues and job creation.

Continuing the current path of policies which slow down the issuance of leases and drilling permits, increase the cost of hydraulic fracturing through duplicative water or air quality regulations, or delay the construction of oil sands export pipelines such as Keystone XL, will have a detrimental effect on production, jobs and government revenues.

Read more here.

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