The Briefing Room
General Category => Economy/Business => Topic started by: thackney on September 22, 2016, 09:06:09 pm
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Report: US Would Have Bled 4.5 Mil Jobs Were It Not For The Oil Revolution
http://dailycaller.com/2016/09/22/report-us-would-have-bled-4-5-mil-jobs-were-it-not-for-the-oil-revolution/
09/22/2016
The U.S. would have bled millions of jobs and the economy would have contracted by $548 billion were it not for explosion in oil and gas development, according to a report by an energy industry group.
An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.
The group compared data from 2015 to similar data in 2009, when the public first began to notice a massive uptick in energy production. Analysts used models comparing capital investments, energy prices, among other key indicators, to estimate the “multiplier” effects of dramatic energy sector growth.
“The ‘Keep it in the Ground’ movement completely ignores the vast benefits to our nation’s economy that the energy renaissance has brought to us,” Karen Harbert, Chamber of Commerce CEO, said in a press statement Thursday.
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Report: US Would Have Bled 4.5 Mil Jobs Were It Not For The Oil Revolution
http://dailycaller.com/2016/09/22/report-us-would-have-bled-4-5-mil-jobs-were-it-not-for-the-oil-revolution/
09/22/2016
The U.S. would have bled millions of jobs and the economy would have contracted by $548 billion were it not for explosion in oil and gas development, according to a report by an energy industry group.
An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.
The group compared data from 2015 to similar data in 2009, when the public first began to notice a massive uptick in energy production. Analysts used models comparing capital investments, energy prices, among other key indicators, to estimate the “multiplier” effects of dramatic energy sector growth.
“The ‘Keep it in the Ground’ movement completely ignores the vast benefits to our nation’s economy that the energy renaissance has brought to us,” Karen Harbert, Chamber of Commerce CEO, said in a press statement Thursday.
I had no idea that the US Chamber of Commerce is an 'energy industry group'.
Does this not seem odd the way this article is written to say it that way?
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The ultimate in irony - the very industry that Obama and minions hate the most after coal, is the very industry that saved their butts from getting thrown out after his first term.
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The ultimate in irony - the very industry that Obama and minions hate the most after coal, is the very industry that saved their butts from getting thrown out after his first term.
Indeed
The oil boom was the one bright spot in an otherwise soft "recovery"
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Report: US Would Have Bled 4.5 Mil Jobs Were It Not For The Oil Revolution
http://dailycaller.com/2016/09/22/report-us-would-have-bled-4-5-mil-jobs-were-it-not-for-the-oil-revolution/
09/22/2016
The U.S. would have bled millions of jobs and the economy would have contracted by $548 billion were it not for explosion in oil and gas development, according to a report by an energy industry group.
An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.
The group compared data from 2015 to similar data in 2009, when the public first began to notice a massive uptick in energy production. Analysts used models comparing capital investments, energy prices, among other key indicators, to estimate the “multiplier” effects of dramatic energy sector growth.
“The ‘Keep it in the Ground’ movement completely ignores the vast benefits to our nation’s economy that the energy renaissance has brought to us,” Karen Harbert, Chamber of Commerce CEO, said in a press statement Thursday.
Except for midstream, production, and some completion jobs, the oil industry has bled tens of thousands of jobs since the price dropped.