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Oil and Gas Boosting the US economy

Apparently no amount of “Green Jobs” rhetoric coming from DC can have the slightest effect of the economic realities of the world in which we live. Who woulda thought?

So President Obama was right all along. Domestic energy production really is a path to prosperity and new job creation. His mistake was predicting that those new jobs would be “green,” when the real employment boom is taking place in oil and gas.

The Bureau of Labor Statistics reported recently that the U.S. jobless rate remains a dreadful 9%. But look more closely at the data and you can see which industries are bucking the jobless trend. One is oil and gas production, which now employs some 440,000 workers, an 80% increase, or 200,000 more jobs, since 2003. Oil and gas jobs account for more than one in five of all net new private jobs in that period.

Source: The Non-Green Jobs Boom

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