Skip to comments.California energy companies are getting the heck outta’ dodge and moving to Texas
Posted on 03/07/2014 4:50:53 PM PST by 2ndDivisionVet
Texas Gov. Rick Perrys cross-country campaign to promote his states favorable tax and regulatory conditions and attract businesses and jobs throughout his tenure hasnt been based on him just talking the talk; Texas can absolutely walk the economic walk, too, as WaPo reports:
Texas experienced stronger job growth than the rest of the nation from 2000 to 2013, according to the Federal Reserve Bank of Dallas. Not only that, a pair of researchers note in a Thursday research publication, but Texas leads the nation in creation of jobs at all pay levels, too.
Texas has also created more good than bad jobs, they write. Jobs in the top half of the wage distribution experienced disproportionate growth. The two upper wage quartiles were responsible for 55 percent of net new jobs. A similar pie chart cannot be made for the rest of the U.S., which lost jobs in the lower-middle quartile over the period.
As we noted above, Texas does have a larger share of its population earning the federal minimum wage or less than any state but Idaho, but it helps that things are cheap.
Bam. And what, do we suppose, might be one of the hugely driving factors behind this robuster-than-everyone-else level of equitable job creation? It couldnt possibly be that Texas has been conscientiously developing their energy reserves like, for example, the Eagle Ford Shale, could it? While other states like, say, California have been quixotically ignoring their own resources in favor of their politically preferred pet projects? Joel Kotkin has yet another great piece out today detailing that very conspicuous phenomenon:
The recent decision by Occidental Petroleum to move its headquarters to Houston from Los Angeles, where it was founded over a half-century ago, confirms the futility and delusion embodied in Californias ultragreen energy policies. By embracing solar and wind as preferred sources of generating power, the state promotes an ever-widening gap between its declining middle- and working-class populations and a smaller, self-satisfied group of environmental campaigners and their corporate backers.
In all but forcing out fossil-fuel firms, California is shedding one of its historic core industries. Not long ago, California was home to a host of top 10 energy firms ARCO, Getty Oil, Union Oil, Oxy and Chevron; in 1970, oil firms constituted the five largest industrial companies in the state. Now, only Chevron, which has been reducing its headcount in Northern California and is clearly shifting its emphasis to Texas, will remain.
These are losses that California can not easily absorb. Despite all the hype about the ill-defined green jobs sector, the real growth engine remains fossil fuels, which have added a half-million jobs in the past five years. If you dont believe it, just take a trip to Houston, where Occidental is moving.
And the beat goes on.
California under the communists Democrats have destroyed much of itself. Moonbeam is finishing the job.
Perry has the right idea.....get rid of everything in DC..except defense and a few other things....bring the money back to the states....DC makes the mafia look like chump change
It was a wonderful place when I lived there as a child, circa 1960-74.
Tesla may be in the mix also.
I worked out there in the energy industry when Gray “Slave Us” was the governor.
NEVER AGAIN!!! CA doesn’t deserve any fossil-based energy of any kind.
Let em drive their solar-powered cars.
God Bless Texas!!!!!
If I had to guess at the amount of tax income lost and also the number of jobs lost (including inverse multipliers) I'd bet that I would come up tragically short of the actual figures.
It's a total shame that the Dems (who own the state, and who are busily coming up with their regulatory agenda for this year) don't know where money comes from, and don't know why taxpayers are fleeing the Once-Golden State.
I am an Engineering Manager in Dallas. After evaluating one of of Engineers I told him he would be raised up to $78 k.
He was outraged.
I told him he was at the 90th percentile for Engineers 3 years out of school.
He was still not happy.
Welcome to boom town.
I have to give him a 3k bonus to boot.
Nevertheless, the leftist vermin are immune to facts and will happily inhabit their fantasy, welfare-state world until reality, one day, gives them a good swift kick in the keister.
My Uncle lived there 1945 to 1979. Said that it was wonderful.
He then moved to the Florida Keys.
Outraged? I’m a former career counselor. He should kiss your feet.
Your aim is low.
Nice to know. My son goes to LETU in Longview and is becoming a Materials Joining engineer. Graduates next year. Are you hiring any interns?
Yes. I believe in internships.
I always take two at a time; only 20 hours per week each except for Summer.
Their job is to graduate, not to intern. Keep their eyeing the ball.
Plus the subtle competition of two in the same job separates the motivated from the pretenders.
Send me a private message if you are interested.
Compared to the California of today, those were some pretty golden years. I say that as someone who was born there in 1953, and who only left for good in 2005.
To listen to the elders in my family, the 1930s to the 1950s were even more golden, but those times are like a dream that never even happened. I don't know if my California will ever be resurrected.
At least I got to experience it while it lasted. I'll die in peace one day, and my kids will spread my ashes on the plains of Texas.
Guy doesn't know how good he has it. Some Mom & Pop businesses don't make $78K with Mom, Pop, and the kids busting ass all year long.
How do you earn less than the federal minimum wage? Are they including prisoners in this stat?
Do they include the farm population in their wage numbers?
Did they figure in the size of the state or the average age of workers?
I don’t know. Even waiters and waitresses have their own minimum wage, albeit lower than the standard one.
The problem I see is that all the Calif socialists are moving to conservative states and will soon be voting their socialist BS for those states as well
Texas is what California would be with a conservative governor. Of course Texas with Liberals running it would look like California.