September 13, 2011
Report: Increased Energy Production Would Boost Jobs, Federal Revenue.
Energy research firm Wood Mackenzie released a report on Wednesday that lends weight to arguments for greater energy exploration and production in the United States. The economic effects of such a policy, the report asserts, would be uniformly positive.
The report summarizes its findings thusly:
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.
September 9, 2011
Rep. Doc Hastings Offers 10 Ideas for Creating Energy Jobs.
House Natural Resources Committee Chairman Doc Hastings is urging President Barack Obama to consider 10 ways to create new jobs in the nation’s energy sector.
September 7, 2011
The Associated Press: Oil industry: Boost in energy could create 1M jobs.
WASHINGTON (AP) — Government policies to increase domestic energy production could create up to a million jobs over the next seven years, the oil industry says in a new report aimed at influencing the political debate over jobs.
The American Petroleum Institute says in a report being released Wednesday that proposals to expand offshore oil drilling, boost production of natural gas in New York and other states and build a Canada-to-Texas oil pipeline could boost the U.S. economy.
September 2, 2011
Key to stronger economy is stabilizing gas prices, professor says » Anderson Independent Mail.
The economy needs consistency in gas prices to strengthen, Bodde said.
“The key danger in all this is volatility,” he said. “We can adjust to a high price and a low price, but the thing that really wreaks havoc on the economy is high prices then low prices and then high prices.”
August 31, 2011
Ethanol: U.S.-produced fuel is leading oil alternative – baltimoresun.com.
Karen Hosler’s recent opinion piece calling for an end to ethanol subsidies (“End the ethanol charade,” Aug. 30) uses sweeping generalizations that distort the truth about grain ethanol’s role in fostering America’s energy independence and producing food as well as fuel.
Domestic ethanol is the single-best alternative to foreign oil we have today. In 2010, ethanol reduced imports by 445 million barrels of oil — more oil than we import from Saudi Arabia. And America’s ethanol industry helped reduce farm subsidy payments by $10.1 billion, added $53.6 billion to the economy and reduced gas prices by $34.5 billion.
August 30, 2011
Open Fuel Standard: Putting the Free Market to Work in the Interests of National Security.
While domestic energy policy is not a silver bullet, it can help extricate the United States from foreign entanglements that have long confounded American decision-makers. History’s painful lessons offer us the power to move our elected officials to act in the interest of renewed economic vitality and national security. From the tragedy of U.S.-Middle East relations is born opportunity.
August 29, 2011
Poll: Americans Favor Energy Over Environment.
Despite years of climate change hype promoted by the media and environmental extremists, a new Gallup poll provides further evidence that the percentage of Americans who do not believe in manmade global warming continues to rise. Furthermore, the public recognizes that implementing the environmentalist agenda is deleterious to the economy, and are unwilling to see further damage inflicted on the U.S. economy to implement programs of dubious merit.
As Lydia Saad wrote for Gallup.com: “Americans, by 50% to 41%, say the nation should prioritize the development of energy supplies over protecting the environment when the two goals are at odds. This reflects the continuation of a striking reversal of attitudes compared with those seen from 2001 through 2008, when Americans showed a clear preference for environmental protection.”
August 29, 2011
Independent Women’s Forum – A Pivot to Jobs? Start By Approving The Keystone Pipeline.
President Obama cut his vacation short because of Hurricane Irene, but we still aren’t expected his much awaited “jobs plan” until September. Will the President go back to the Keynesian trough and offer another enormous government spending package? How can he do this and still feign concern about our out-of-control national debt?
I imagine that the White House p.r. team is as big a part of the decision-making process on this one as his policy gurus. The White House seems to have no idea what might actually help the economy-or at least be unwilling to contemplate the kind of scaling back of big government and deregulation that would be most likely to provide real relief to the private sector-so that this plan is primarily posturing for the next election, rather than a true policy proposal.
August 26, 2011
Environment statement on pipeline brings nation closer to thousands of new jobs.
WASHINGTON, August 26, 2011 ─ API welcomed the U.S. State Department’s final Environmental Impact Statement on the Keystone XL pipeline project and urged the agency to complete its national interest determination and issue permits for the pipeline without delay.
“The nation’s quintessential shovel-ready project is a step closer to reality,” said API Refining Manager Cindy Schild. “That’s good news for tens of thousands of Americans who stand to find new jobs when this pipeline project is finally approved. If the State Department gives the final okay, hiring could begin immediately in hundreds of American companies in the Midwest and across the country.”
August 25, 2011
Republicans on US House panel criticizes Obama oil shale policy – Oil | Platts News Article & Story.
US oil shale development has been needlessly stalled by the Obama administration’s reexamination of a Bush-era policy that opened 2 million federal acres to possible commercial-scale production, Republicans on a House of Representatives energy panel said Wednesday.
Representatives Doug Lamborn and Scott Tipton, both Colorado Republicans, criticized the Department of Interior’s February decision to take a new look at a November 2008 federal rule for commercial development of oil shale.