Video: A super simple solution to create hundreds of thousands of jobs

posted at 7:40 pm on September 8, 2011 by Tina Korbe

The president continues to repeat his non-solution solutions, so I’ll continue to repeat this actual solution. Earlier this summer, I wrote about an IHS-CERA study that showed picking up the pace of Gulf Oil permitting could result in 230,000 jobs. Predictably, the administration’s response to the study was not to take its recommendations to heart — but, rather, to criticize the study itself. Bromwich can nitpick the study’s methodology, but it doesn’t change the facts: The BOEMRE has allowed applications to pile up at an inexcusable rate, given the industry’s compliance with new regulations and the nation’s dire need for jobs. Allow this video from the Offshore Marine Service Association to drive that point home:

But because Bromwich doesn’t favor the IHS/CERA study, let me cite some other research. A study by the energy analyst firm Woods McKenzie released just yesterday showed that by unleashing domestic energy, we could create 1.4 million jobs, bring in an additional 800 billion in revenue and add 10 billion barrels of additional oil and gas by 2030.

Nor are these jobs limited to just one area of the country. As this interactive map from API reveals, virtually every state in the nation would benefit.

The potentials in natural gas are also worth noting, as Stephen Moore points out in his excellent WSJ column yesterday.

But you can bet, if the president talks about energy-related jobs at all tonight, he’ll talk about “green jobs.” Never mind that we’re already heavily subsidizing wind and solar. For every two cents of tax subsidies for “Big Oil,” wind and solar get nearly $1. Moore summarizes the situation perfectly:

According to data from the Federal Reserve Board’s Industrial Production Indexes, the oil and gas industry, which the Obama Energy Department loathes, has had more growth in output than any other manufacturing industry in the U.S. from 2005 through 2011. As a reward, the administration is proposing $35 billion in new taxes on the industry to slow it down. Even if we accept the dubious White House claim that all the oil and gas tax write-offs are unwarranted loopholes, a 2011 Congressional Research Service study finds that per unit of electricity produced, for every two cents of tax subsidy to Big Oil, Big Green (wind and solar) get closer to $1 in handouts.

“The environmentalists are for any energy source unless it actually works,” notes Stephen Hayward, an energy expert at the American Enterprise Institute. A few years ago the Democrats were all in favor of natural gas at least as a “bridge” energy source. That abruptly changed when the extent of America’s abundant natural gas resources became fully known and more affordable drilling techniques opened up a superhighway to energy security. The irony of the green movement’s reactionary antifracking crusade is that one of the most important developments in cutting U.S. carbon emissions has come from replacing coal-burning fire plants with natural gas.

So we now have a national energy policy directing our resources away from cheap, efficient and increasingly abundant fuels like coal, oil and natural gas while we channel billions of tax dollars to 500-year-old energy technologies like wind power that can’t possibly scale up to power a modern-day industrial economy. That’s a shame.


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Now, Ms. Korbe, you know that fossil fuels are evil. No job is worth the chance of an uptick in the temperature.

Cindy Munford on September 8, 2011 at 7:44 PM

I will make $40k less this year because I have only been offshore twice this year. The oil industry is one of the safest in the country. Let us work!

DAT60A3 on September 8, 2011 at 7:55 PM

hhmmm, apparently the word ‘energy’ doesn’t show up in the text of Obama’s speech. The closest he gets to ‘energy’ is when discussing tax loopholes for oil companies and how that money would be better spent on education.

Should we keep tax loopholes for oil companies? Or should we use that money to give small business owners a tax credit when they hire new workers? Because we can’t afford to do both. Should we keep tax breaks for millionaires and billionaires? Or should we put teachers back to work so our kids can graduate ready for college and good jobs? Right now, we can’t afford to do both.

(Thanks to andy85719 on September 8, 2011 at 7:10 PM, for the link)

Skandia Recluse on September 8, 2011 at 7:57 PM

Hey, what’s up with those of us in Ohio?

rbj on September 8, 2011 at 8:00 PM

The Hopey Administration is infested and saturated
with Environmental Wackos!!

Its Gridlock baby,till 2016,if Changey gets another
shot at Destroying America!

canopfor on September 8, 2011 at 8:00 PM

Its Gridlock baby,till 2016,if Changey gets another
shot at Destroying America!

canopfor on September 8, 2011 at 8:00 PM

Gridlock? More like Armageddon.

predator on September 8, 2011 at 8:04 PM

Note to Obama, and all the spectacularly misguided amateur liberal economists:

The economy doesn’t run on hopenchange. It doesn’t run on fairness. It doesn’t run on rules and regulations. It doesn’t even run on money.

The economy runs on ENERGY! Along with the freedom to use that energy as we all see fit.

Cheap energy + freedom = a booming economy.

It’s a simple concept.

ZenDraken on September 8, 2011 at 8:10 PM

Cheap energy + freedom = a booming economy.

It’s a simple concept.

ZenDraken on September 8, 2011 at 8:10 PM

Yes, it really is that simple

darwin-t on September 8, 2011 at 8:21 PM

Note to Obama, and all the spectacularly misguided amateur liberal economists:

The economy doesn’t run on hopenchange. It doesn’t run on fairness. It doesn’t run on rules and regulations. It doesn’t even run on money.

The economy runs on ENERGY! Along with the freedom to use that energy as we all see fit.

Cheap energy + freedom = a booming economy.

It’s a simple concept.

ZenDraken

You’re either an unpopular university professor or a kindergarten teacher. I’m leaning towards the latter because of the simplicity (and accuracy) of your explanation. :)

honsy on September 8, 2011 at 8:23 PM

Drill baby drill!

Bambi on September 8, 2011 at 8:25 PM

canopfor on September 8, 2011 at 8:00 PM

Gridlock? More like Armageddon.

predator on September 8, 2011 at 8:04 PM

predator:True dat,since 2008!:)

canopfor on September 8, 2011 at 8:25 PM

This plan is an excellent combination of stupidity and amnesia. The oil industry lost any right to complain about restrictions to drill in the gulf when Deepwater Horizon blew up. Not to mention that oil industry employees were literally f*ucking the regulators at MMS in order to get leniency in oversight. Is the safety plan still the same 1 sheet of paper, photocopied and distributed to all the oil extraction companies? The damage to the gulf is still incalculable. How soon you’ve forgotten.

Constantine on September 8, 2011 at 8:28 PM

massrighty’s 5 point energy plan also creates jobs (and, conveniently, lets him refer to himself in the third person, like a gifted athlete or Bob Dole:
1. Drill/mine extract all of everything we own, wherever it is
2. Build refineries; no more moving raw matl to refineries, and then finished product to it’s point of use
3. Nuclear
4. Any alternative energy plan (wind/water/solar/pigcrap) gets fast-tracked; fewer permits, more stuff!
5. All help to any NATO country now done in exchange for negotiated discounts

We are an energy economy.

massrighty on September 8, 2011 at 8:31 PM

The damage to the gulf is still incalculable. How soon you’ve forgotten.

Constantine

Right – just like Globull Warming is incalculable. I suppose you believe that, too.

honsy on September 8, 2011 at 8:33 PM

This plan is an excellent combination of stupidity and amnesia. The oil industry lost any right to complain about restrictions to drill in the gulf when Deepwater Horizon blew up.

That was a bad thing, done by people who knowingly broke rules. You stop it by ruthlessly enforcing current rules, and by making sure the correct level of oversight is in place.

Stopping drilling because people didn’t obey the rules is like outlawing convenience stores because the people who run them sometimes steal.

Not to mention that oil industry employees were literally f*ucking the regulators at MMS in order to get leniency in oversight.

Same answer; bad thing. Punish it, up to the handle.

Is the safety plan still the same 1 sheet of paper, photocopied and distributed to all the oil extraction companies?

Fixable; better safety plan.

The damage to the gulf is still incalculable. How soon you’ve forgotten.

Constantine on September 8, 2011 at 8:28 PM

I have forgotten nothing. I have not forgotten that the daily spill numbers were the worst sort of WAG’s, made up by the people who brought us AGW hysteria. I have not forgotten that the total and final devastation to the fishing industry, although bad, was neither total or final.

Finally, I’ve not forgotten that a horrible thing happened in the Gulf, and that those culpable should be punished, and that we need to learn lessons from it, and move on.

massrighty on September 8, 2011 at 8:40 PM

Hey, what’s up with those of us in Ohio?

rbj on September 8, 2011 at 8:00 PM

A question many of us have been asking for some time, now.

/jk

trigon on September 8, 2011 at 8:45 PM

Hey, what’s up with those of us in Ohio?

rbj on September 8, 2011 at 8:00 PM

Apparently you’re unavailable.

John the Libertarian on September 8, 2011 at 9:04 PM

This plan is an excellent combination of stupidity and amnesia. The oil industry lost any right to complain about restrictions to drill in the gulf when Deepwater Horizon blew up. Not to mention that oil industry employees were literally f*ucking the regulators at MMS in order to get leniency in oversight. Is the safety plan still the same 1 sheet of paper, photocopied and distributed to all the oil extraction companies? The damage to the gulf is still incalculable. How soon you’ve forgotten.

Constantine on September 8, 2011 at 8:28 PM

Ok, then let us drill closer to shore where the depth of the water won’t be such an issue.

Ok, then let us do shale and other drilling that now only takes one well to get at oil that used to take 20.

Ok, then open up fields everywhere else so the deepwater drilling is the most costly, and least likely to be done!

Nope, you have blinders on.

PastorJon on September 8, 2011 at 9:28 PM

And ecosystems recover from oil spills. The gulf naturally annually releases more oil from the floor from natural cracks than was spilled. Of course, not all at once, but the ocean takes care of it.

You liberals protest oil pipelines, despite the fact you also stopped the refineries from being closer to the source so less pipeline is necessary.

You liberals protest oil pipelines despite them being pockets of warmth that have huge herds and their predators growing around them.

And guess what? They can’t make the Apple product I’m sure you’re writing on without oil to make the plastic and numerous other materials that are in it. Try to make your computer’s case out of sunlight . . . Hey, maybe you can use your hemp.

PastorJon on September 8, 2011 at 9:33 PM

The oil industry lost any right to complain

Ok, so does that mean Obama has no right to talk about the economy after sending it into the tank?

itsspideyman on September 8, 2011 at 9:34 PM

The oil industry lost any right to complain

ONE liberal committed mass murder. Does that mean no liberals can complain anymore?

If ONE abortion doctor is tried for crimes in Pennsylvania, I guess all abortion doctors should be banned, huh?

ONE Prius had brake issues. Maybe we should ban them all.

Get over it man: ONE platform had ONE accident, the only newsworthy one in how long? Why are the other little accidents not newsworthy? The ocean cleans them up itself. But you want to put ALL of oil under one evil banner for a mistake by a company with an otherwise excellent safety record.

You’re a dumb poster, should all dumb posters be banned?

It’s like saying because one hockey player committed a prosecutable assault in a game, all hockey players are evil.

But then, liberals are great at identity politics aren’t they? “Some say” is all the proof you need that somebody did say it. Evidence doesn’t matter to you any more.

PastorJon on September 8, 2011 at 9:41 PM

Constantine on September 8, 2011 at 8:28 PM

Since you failed to respond to any of the several posts in response to yours, you clearly have forfeited your right to complain.

Nice job. Leave a big stinky pile, and decline to engage in meaningful conversation about it.

Kinda in over your head here, huh?

massrighty on September 8, 2011 at 9:45 PM

Since you failed to respond to any of the several posts in response to yours, you clearly have forfeited your right to complain.

massrighty on September 8, 2011 at 9:45 PM

Game, set, and match massrighty!

itsspideyman on September 8, 2011 at 10:10 PM

I wonder why Palin has not commented on this.. oh wait -

https://www.facebook.com/note.php?note_id=10150112361088435

The $4-Per-Gallon President
by Sarah Palin on Tuesday, March 15, 2011 at 4:27pm

and

http://www.facebook.com/note.php?note_id=10150142243663435

FLASHBACK: What We Were Saying One Year Ago About Obama’s Failed Energy Policy
by Sarah Palin on Wednesday, March 30, 2011 at 10:44am

So much for Palin not being substantial on issues and what she would do.

ChuckTX on September 8, 2011 at 10:24 PM

. That abruptly changed when the extent of America’s abundant natural gas resources became fully known

Exactly. Once we realized how many water supplies could be put at risk, we got scared. We understand that certain people are willing to do absolutely anything to their environment so long as they can get rich. There is literally no limit to what any of you would have us do so long as you could make some $$ on it.

ernesto on September 8, 2011 at 10:27 PM

Exactly. Once we realized how many water supplies could be put at risk, we got scared. We understand that certain people are willing to do absolutely anything to their environment so long as they can get rich. There is literally no limit to what any of you would have us do so long as you could make some $$ on it.

ernesto on September 8, 2011 at 10:27 PM

Ned? Ned Ludd? is that you?

massrighty on September 8, 2011 at 10:33 PM

ernesto on September 8, 2011 at 10:27 PM

“Environmentalists’ energy plan is the repudiation of America and Christian destiny, which is Jet Skis, steak on the electric grill, hot showers, and night skiing.”

- Ann Coulter

massrighty on September 8, 2011 at 10:35 PM

There is literally no limit to what any of you would have us do so long as you could make some $$ on it.

ernesto on September 8, 2011 at 10:27 PM

We don’t want you to do anything – just get out of the way.

OldEnglish on September 8, 2011 at 10:48 PM

Never gonna happen. Not under this Admin. Now, get Perry as POTUS with Palin as Sec. Eng. and good things will happen.

Yakko77 on September 9, 2011 at 1:18 AM

There is literally no limit to what any of you would have us do so long as you could make some $$ on it.

ernesto on September 8, 2011 at 10:27 PM

Damn skippy, Bub. I have to work in order to eat. And I work at a factory that is heavily dependent on petrochemicals for its ongoing productivity. The enviro-freaks are a significant factor in why I haven’t been hired on full-time yet.

gryphon202 on September 9, 2011 at 2:49 AM

darwin-t on September 8, 2011 at 8:21 PM

A booming economy is the last thing the San Francisco Democrats want; a booming economy means upward mobility and that means their status is at risk.

LarryD on September 9, 2011 at 8:44 AM

This plan is an excellent combination of stupidity and amnesia. The oil industry lost any right to complain about restrictions to drill in the gulf when Deepwater Horizon blew up. Not to mention that oil industry employees were literally f*ucking the regulators at MMS in order to get leniency in oversight. Is the safety plan still the same 1 sheet of paper, photocopied and distributed to all the oil extraction companies? The damage to the gulf is still incalculable. How soon you’ve forgotten.

Constantine on September 8, 2011 at 8:28 PM

Does anybody remember 2005, when four Cat 5 hurricanes (Cindy, Katrina, Rita, and Wilma) roared through the oil-drilling area in the Gulf of Mexico? There were over 3,000 drilling rigs in that area, and NONE OF THEM LEAKED ANY OIL. The safety and environmental regulations at the time were being enforced by the administration of former oilmen George W. Bush and Dick “Halliburton” Cheney.

Enter the Great Community Organizer, who fast-tracked the permit application for Deepwater Horizon in April 2009, and gave it an award for safety(!) a few months before it blew up in clear, calm weather. So, because a British Petroleum well blew out due to the Obama Administration’s regulatory sloppiness, it decides to stop all drilling by American companies who have drilled cleanly and responsibly in the Gulf for decades, then they pay 2 Billion taxpayer dollars to drill off the coast of Brazil.

The damage to the gulf is still incalculable.

Really? Does anybody remember how fast the oil disappeared once the leak was capped? There are bacteria in the Gulf that digest crude oil that NATURALLY seeps up from the sea bottom all the time, regardless of human oil extraction. The blowout provided a huge food supply for these bacteria, which multiplied rapidly, then rapidly consumed the oil slick once the leak was capped.

Oh, by the way, there WAS a plan to protect the Louisiana marshlands, proposed not by President Obama, but by Governor Bobby Jindal (R-LA), by building a sand-bar between two barrier islands. But the Obama EPA, in its infinite wisdom, decided that it should protect dead sand at the bottom of the Gulf rather than marshes full of fish and exotic wading birds.

And President Stuck-on-Stupid is still looking for an @$$ to kick.

Steve Z on September 9, 2011 at 10:01 AM