[God luvs America]

can someone please explain how rising oil prices create jobs???

[Bad~Rodeo]

The reasoning(?) behind it is, the higher gas prices go up the more expensive it is to manufacture overseas because of the increase in shipping charges to get their products to consumers in the US. Thomasville furniture is 1 such company that is bringing their wood furniture plant back to North Carolina from China. So technically, Obama doesn’t have anything to do with creating jobs either unless he’s somehow manipulating oil prices

[Milton Miteybad]

can someone please explain how rising oil prices create jobs???

Increased commodity prices tend to intensify the search for additional supplies of that commodity. Those efforts require additional labor. If oil prices increase, energy companies will allocate additional capital to their exploration programs. Presto! Jobs in the upstream sector are created. Not your average Obamajobs paying minimum wage, either. Oilfield jobs pay quite well, although the work is often hard, hot, dirty and dangerous.

Also, the additional production has to be transported, refined and marketed. Poof! More good-paying jobs created...this time in the downstream sector.

The benefit of jobs created in the energy business is that they actually add value to the economy, as opposed to capital-consuming public sector jobs created by Obama.

And that's how higher oil prices create jobs. It's really just Economics 101.

Although I must admit some surprise that anyone on this board would really need such an explanation. ;-)