Oil & Gas Boom 2014:
Jobs, Economic Growth And Security
Despite all the climate-based
hysteria put out into the public domain in recent weeks attacking the oil and
natural gas industry (even the Weather Channel got into that act recently), three key factors
continue to give policymakers pause about acting in ways that would negatively
impact the ongoing boom. Those factors are:
·
Jobs;
·
Ancillary stimulative impacts on other industries; and
·
National Security.
The reality for the United States is that the oil and natural gas
industry has greatly enhanced the picture around all three of
these critical factors in recent years, nowhere more than in my home state
of Texas .
Where jobs are concerned, Texas
has consistently outperformed the national economy in terms of job creation and
rate of unemployment in every month since the advent of the Great Recession and
the discovery of the Eagle Ford Shale play, both of which took place in October
of 2008. Indeed, during the 24 month period from July 2009 through June
of 2011, Texas created 49% of all new jobs created in the United States, and
the vast majority of those jobs were either directly or indirectly the result
of the state’s oil and natural gas boom, centered in plays like the Eagle Ford
in South Texas, the Permian Basin of West Texas, and the Granite Wash play in
the Texas Panhandle.
The energy boom will add fuel to the country’s
economic revitalization, and the reduction of its dependence on energy imports
will give it some measure of greater diplomatic freedom and influence… the huge
boom in U.S. oil and gas production, combined with the country’s other enduring
sources of military, economic, and cultural strength, should enhance U.S.
global leadership in the years to come — but
only if Washington protects the sources of this
newfound strength at home and takes advantage of new opportunities to protect
its enduring interests abroad.
So , Hurry up and Join ICIS
for 1 year super specialization PG Progam in Petroleum & Refining.
Posted By:-
ICIS NOIDA
ICIS NOIDA