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Obama good for oil and gas jobs
Posted by: Liberal Ear ()
Date: January 26, 2012 10:04PM

Oil and Gas Jobs Increase by 75,000 Under Obama — 69,000 More Than Would Be Created By Keystone XL
By Stephen Lacey on Jan 18, 2012 at 6:17 pm

Approximately 75,000 jobs were created in the oil and gas sector under the Obama Administration between 2009 to 2011, according to analysis of data from the Bureau of Labor Statistics.

That’s roughly 69,000 more jobs than would be created by construction of the Keystone XL tar sands pipeline.

The figures, reviewed by the Center for American Progress, show that overall employment in oil and gas (extraction, field support, pipeline construction and transportation, and petroleum refineries) increased by 13% in the last two years.

The figures do not include categories such as gasoline stations, fuel dealers, asphalt paving, or lubrication production.

This strong increase in American fossil fuel jobs contradicts the arguments made by supporters of the Keystone XL tar sands pipeline, who have attacked the Obama Administration for denying the initial permit for the pipeline due to environmental concerns.

http://thinkprogress.org/romm/2012/01/18/406314/oil-and-gas-jobs-increase-by-75000-under-obama-69000-more-than-would-be-created-by-keystone-xl/

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Re: Obama good for oil and gas jobs
Posted by: you did try ()
Date: January 26, 2012 10:16PM

Nice try giving Obama credit but guess again. What they failed to publish was the price of crude oil. The price is down then there is less drilling. Price goes up drilling goes up. Oil companies want to get the biggest bang for their buck.

I went to the main website of this .org Pro Obama he can do no wrong rhetoric throughout. Might as well have WTL on the staff.

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Re: Obama good for oil and gas jobs
Posted by: RankineCycler ()
Date: January 26, 2012 10:31PM

Passivity and action are not on common ground; the article's foundation is askew.

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Re: Obama good for oil and gas jobs
Posted by: Hay Zeus ()
Date: January 26, 2012 10:44PM

Apparently its not clear if the BLS includes Land Owners collecting royalties from extraction in their job #.

"At least part of this influx could be attributed to land owners cashing in on royalties after leasing their property for drilling. Through the quirks of how the Census’ Bureau of Economic Analysis* tracks the the oil and gas extraction industry — and how the industry data is tied to occupations — some of these jobs could be counts of landowners who are claiming additional income from oil and gas royalties. If that’s the case, they would be better placed in the real estate and leasing industry.

Please note: For these reasons, EMSI “noncovered” data (i.e., data on 1099 workers plus more traditional state data, etc.) for oil and gas jobs should be treated with caution. Also, the jobs numbers for 2010 are estimates at this point, so it will take more time to see how these trends play out. We’ll touch on this more below.

*The Bureau of Labor Statistics measures only workers covered by unemployment insurance and who thereby file a W-2. EMSI’s “complete” dataset adds proprietors and other “noncovered” workers by combining BLS and state data with various Census datasets."

http://www.economicmodeling.com/2011/06/07/the-explosion-of-oil-and-gas-extraction-jobs/

Also where is 2008? Are those "created Jobs" or "Recovered" jobs?

The study also omits that most of those jobs are in Texas and Rick Perry has just just as much to do with the job creation as Obama.

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Re: Obama good for oil and gas jobs
Posted by: it does help ()
Date: January 26, 2012 10:44PM

Price of crude oil

January 23, 2009 $46.47

January 29, 2010 $72.89

January 21, 2011 $89.11

January 13, 2012 $98.70

Now do you get it? Companies are only going to produce when prices rise not when they fall. Price is up drilling goes up, hiring goes up. Quite simple. If I was to reverse your story I could say the price of crude has doubled since Obama took office but I am sure they in no way fits your agenda. I have serious doubts that building the Keystone pipeline will cause prices to rise, quite the opposite.

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Re: Obama good for oil and gas jobs
Posted by: Les ()
Date: January 26, 2012 11:00PM

It's probably also related to the Energy Policy Act of 2005. The rush to extract gas and oil trapped in shale formations really started after the industry received blanket exemptions from many of the environmental laws, such as the Clean Water Act.

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