Energy Tomorrow Blog
Posted December 23, 2013
Every now and then we see items questioning the economic impact of domestic oil and natural gas development from a jobs standpoint. As we’ve pointed out, industry’s benefit to the country isn’t measured just in direct oil and natural gas employment. Its positive impact must be seen in jobs and economic activity that otherwise wouldn’t exist, as well as benefits to consumers. More supporting evidence:
Investment – A new API survey on drilling costs found that about $153.7 billion was invested in drilling in 2012, a 23.1 percent increase over 2011.
Posted April 12, 2013
There is an old legal saying: “If you have the law, hammer the law. If you have the facts, hammer the facts. If you have neither the law nor the facts, hammer the table.” This came to mind the other day while reading the Center for American Progress’ (CAP) response to the latest White House proposal to raise taxes on oil and natural gas companies.
**Spoiler Alert **
They like the idea – but CAP's post is a lot of table hammering, and the table is the oil and natural gas industry. Let’s de- demagogue this with a look at the facts.
Posted April 29, 2011