Skip to comments.Do Energy Producing States Experience Higher Levels of Economic Growth?
Posted on 06/18/2014 3:01:26 PM PDT by ThethoughtsofGreg
In this space, we have written about an apparent connection between states that develop their natural resources and lower unemployment rates. Between 1995 and 2011, the four states that saw their unemployment rates improve at the greatest rate compared to the national average are significant energy producers: West Virginia, North Dakota, Alaska, and Louisiana.
Data released by the U.S. Census Bureau in late 2013 illustrates a relationship between states that develop their natural resources and rising income levels. This is especially clear in counties in and around North Dakota, which have seen an explosion in energy production in the Bakken shale play. However, income gains over the past five years or so also appear to have taken place in other energy friendly states, such as Texas and Oklahoma.
(Excerpt) Read more at americanlegislator.org ...
The U.S. economic powerhouse was built on a foundation of cheap energy and low governmental regulation and interference. Obama is doing all he can to eliminate both.
“apparent connection between states that develop their natural resources and lower unemployment rates”
Paging Captain Obvious....
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