For example, economist Peter Morici at the University of Maryland, in a recent analysis of the nation's employment crisis, wrote that "shutting down US oil and gas development is costing the US economy millions of jobs."
His view: An emphasis on domestic production could create jobs by dramatically reducing America's trade deficit, thus recycling more consumer dollars in the domestic economy. Promotion of energy production would also spill over into job creation in other industries, Mr. Morici says, as a need for refineries and pipelines boosts demand for construction workers, steel, and heavy machinery.".......
It doesn’t have to be this way. The band in Washington isn’t really playing on; they took their hands off their musical instruments and put them around the country’s economic throat years ago. We are by talent and resources among the richest nations on earth, and by our political freedoms, far and away the greatest. But for going on 30 years now, while we have spent more money that we take in, we have chosen to put much of our natural wealth off limits. That choice has led in direct and indirect ways to the straits we find ourselves in now, at the mercy of some of the world’s worst actors to fuel our economy, and on the precipice of bankruptcy. The current president has taken just about every negative fiscal trend and choice and accelerated them. The best line about Obama is simple: He made it all worse. He has made it harder for us to exploit our natural wealth, by making more of it off-limits and by using regulations to make it either too difficult or even illegal to tap. Whether he believes he had noble reasons or not is irrelevant; the effect of Obama’s actions is that everything is more expensive, jobs are more scarce and America is less secure.
In his energy plan, Perry shows that he understands all of this, and will fix the problem.”…………………