Jobs? Revenue for Government? We Can Help

A new USA Today/Gallup poll finds two of the top three issues that Americans care about the most in this election year are … jobs and reducing the federal budget deficit. Check and check. America’s oil and natural gas industry can help with both. Respondents were asked to weigh the importance of a number of issues (see chart), and 92 percent said creating good jobs is “extremely/very important.” On cutting the federal deficit the figure was 86 percent. Jobs and revenue to the government – we can help.

With the right policies in place – increasing access to American natural resources, the right approach to energy regulation, encouraging energy investments and more – our industry could create 1.4 million jobs by 2030. Here’s how the Wood Mackenzie energy consulting firm charts the potential jobs growth:

Leadership is needed to make this happen. Industry is doing its part – investing in America – and it’s willing to do more.

As for tax revenue for government, to help with the deficit, Wood Mackenzie estimates a pro-energy development strategy could generate a total of more than $800 billion by 2030:

Again, in a struggling economy the oil and natural gas industry is adding jobs and supporting communities while generating revenues for government. Energy-driven economic growth that’s being seen in North Dakota, Texas, Pennsylvania and other states can be realized in other places with a true all-of-the-above (and below) energy strategy.

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