This relationship is viewed through the lens of the Obama Administration’s ongoing permitorium on oil and gas production in the Gulf of Mexico. Here’s a bonus form the video: for every three gulf coast energy workers, one American is employed elsewhere like California for example.
We need the jobs and revenue energy production can provide, but that also means we need the Obama Administration to permit energy companies to get back to work.
OMSA: Offshore Drilling Creates American Jobs
IHS Global Insight published a 277 page study quantifying the opportunity for job creation and GDP growth in the United States. OMSA distilled that info into a 4-minute video.
If President Obama and his regulators -- Interior Secretary Ken Salazar and BOEMRE director Michael Bromwich -- simply cleared the backlog of offshore drilling permits and exploration plans, the oil and gas industry could return to operations at historic norms.
But today, that's not the case. The slow-pace of administrative approvals leaves exploration and development activities at a near standstill. Clear the bureaucratic gridlock and industry will create 230,000 jobs by 2012.
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.
