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Relaxation of Obama’s Anti-Energy Policies Could Create 1.4 Million New Jobs

The images below are taken from a report released last week by Wood MacKenzie, looking at the impact of relaxing just a few of President Obama's anti-energy policies (h/t Powerlineblog). Imagine if all of Obama's devastating policies of energy starvation were revoked. The resulting growth of jobs, revenues, and energy production would be astounding.

Growth of jobs directly involved in energy production, transport, and sales, would be just the beginning. Each new energy job would stimulate the creation of supporting jobs in services, housing, infrastructure, etc. And so it goes: growth breeds growth.

U.S. Job impact
Job Creation Under Relaxation of Obama Rules

Wood Mackenzie’s analysis found that U.S. policies which encourage the development of new and existing resources could, by 2030, increase domestic oil and natural gas production by over 10 million boed, support an additional 1.4 million jobs, and raise over $800 billion of cumulative additional government revenue. _quoted_in_Powerlineblog

Revenue impact

Enhancement of Government Revenues Under Relaxation of Obama Anti-Energy Rules

The report assumes that the following changes would be made to existing Obama policies in order to allow energy and economic recovery to occur:

• Opening of Federal areas that are currently “off limits” to exploration and development
• Commencement of leasing, drilling and development activity in currently closed regions. Regions to be opened include: Eastern Gulf of Mexico, portions of the Rocky Mountains, Atlantic OCS, Pacific OCS, Alaska National Wildlife Refuge (ANWR) – 1002 Area, National Petroleum Reserve, Alaska (NPRA) and Alaska offshore

• Lifting of drilling moratorium in New York State
• Commencement of drilling and development of Marcellus shale in New York State

• Increased rate of permitting in the offshore Gulf of Mexico
• Allows for a return to pre-Moratorium exploration and development activity

• Approval of the Keystone XL and other future Canada to U.S. oil pipelines
• Facilitates additional Canadian oil sands development, thereby increasing the demand for U.S. supplied equipment and infrastructure

• Regulation of shale resources remains predominately at the State level
• Environmental regulation of shale gas and tight oil plays are not duplicative or unduly burdensome. Permitting levels are at sufficient rates to develop resources in a timely manner _quoted_in_Powerlineblog

Increased Energy Production
Increased Energy Production Due to Relaxation of Just a Few of Obama's Energy Starvation Rules

The improvements projected in the Wood MacKenzie report (PDF) are based largely on the revocation of Obama's de facto offshore oil moratorium, the approval of pipelines from Canada through the US for oil sands transport, and a cleaner and more streamlined set of regulations overseeing shale oil & gas production. The report also assumed an opening of currently blocked oil & gas resources in the Arctic and in the US mountain states, for development, and a reduction of duplication of bureaucratic environmental regulations.

In reality, according to Al Fin energy analysts, a more rational pro-energy policy would improve North American jobs, government revenues, and energy production far more quickly and to higher levels than the Wood Mackenzie report suggests. The reason our analysts are so confident is that potential for development of massive coal and kerogen deposits were not closely considered. Nor was the potential for development of advanced nuclear energy technologies for both uranium and thorium cycle reactors carefully considered.

Abundant energy opens the doors to other industries and commerce, which means more jobs and more revenues even in areas far removed from direct energy production or sales. The converse is true: energy starvation reduces jobs and revenues not only in the energy-related industries, but in society as a whole. And that is where the US stands under President Obama's policies.

Energy starvation -- shutting down reliable energy in favour of unreliable forms of energy such as big wind and solar -- is never a smart policy. It is a strongly ideological policy promoted by green faux environmental activists, with the unspoken aim of whittling away at the industry and commerce which support advanced economies. Economies which fall under the curse of energy-starvation policies slowly succumb to worsening economic conditions.

By. Al Fin

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Leave a comment
  • Anonymous on September 14 2011 said:
    Obama does NOT have any anti-energy policies. He doesn't know anything about energy, and the people who should be informing him are completely and totally ignorant.As for designing and arguing for a more rational energy policy, to get that all he has to do is to pick up the telephone and tell the people at the USDOE to get on the ball, or start looking for another job. Why he doesn't do that is a mystery to me, but perhaps the next president is ready to get real.
  • Anonymous on September 15 2011 said:
    No thanks. If the U.S. government wants to stimulate sustainable job growth that will work in both the short and long term, they have to become less dependent on foreign imports. The future is not in fossil fuels, it's in developing solar, wind, and geothermal technologies that will harvest clean, inexpensive energy. Destroying what's left of the ecosystem in North America is not in the peoples interests, nor should it be in the interests of the government, who are apparently supposed to work for the people.
  • Anonymous on September 15 2011 said:
    Federal lands 'off limits' to drilling in the Rocky Mountains are comprised of National Parks, Wilderness Areas, and Wildlife Refuges. No thanks.

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