Monday, July 25, 2011

Permits for oil and gas drilling in Gulf would create jobs.

Any reader of this blog knows I have called time and again for drilling in the Gulf to be resumed in full.  We need the oil and gas and the jobs that have been lost, first by the moratorium and then by the refusal of this administration to grant permit.

Now an executive in the oil industry has pointed out that  a return to the oil and natural gas permitting levels of pre-2010 lead to an investment of more than 25 billion and create thousands of jobs, including 20,000 in Louisiana.  This investment and these jobs would not cost the government one dollar.

I say again as I've written many times, allowing full development of our energy resources could create hundreds of thousand of direct jobs, plus millions more.  While this administration opposes development of our resources, China is getting involved in energy development world wide.  China recently invested billions in Canadian oil sand, a resource this country once counted on.  It would not be a surprise if China began to acquire American energy resources while our government refuses to allow development by our country..

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