Oil, Gas carry economy- preventing recession.

Discussion in 'Energy' started by Mr. H., Jul 14, 2012.

  1. Mr. H.
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    Mr. H. Diamond Member

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    Despite Obama's efforts to crush gas and liquids production, it's a singular bright spot in an otherwise ailing economic climate.

    “The economic benefits of far-reaching new finds of domestic oil and natural gas are fast approaching $1 billion a day and may be keeping the U.S. out of another recession, according to a new study by Bank of America Merrill Lynch.

    Domestic energy supplies boost U.S. economy

    Shale gas is giving a big boost to America’s economy

    Real jobs, real industry, real fast. Made in the U.S. of A. :thup:
     
  2. uscitizen
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    uscitizen Senior Member

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    Higher gas prices boost US economy.
    And increase productivity figures.
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    We have had high gasoline prices in the past, but not with the concurrent flurry of exploration and drilling activity that we see today. New technologies and innovations have spurred the Bakken and Marecllus plays in particular, and to a lesser extent dozens of other projects across the country.

    Industry is spending hard dollars on manpower and materials, employing tens of thousands of otherwise unemployed people, and increasing domestic supplies of gas and liquids. Why do you think North Dakota's unemployment is at a measley 3%?

    Obama's response? Pull over $40 billion dollars from the people who are keeping his sad-ass economy from collapse. It's the way of the Liberal- punish success, reward lathargy.

    Obama budget eliminates $40 billion in oil tax breaks

    The Obama administration's fiscal 2013 budget proposal strips away nearly $40 billion in tax breaks for oil and natural gas companies, saying the incentives cost taxpayers too much money and do little to spur energy development, a report said.

    Obama budget eliminates $40 billion in oil tax breaks
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Industrial production indexes... 2005-2012. This industry delivers. :thup:
     

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  5. tjvh
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    tjvh Senior Member

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    Really?
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    You need to replace the batteries in your sarcasm detector.
     
  7. flacaltenn
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    flacaltenn USMB Mod Staff Member Gold Supporting Member

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    Imagine that -- making stuff here instead of buying it from hostile nations is a GOOD thing..

    Wish we had thought of that sooner..
     
  8. uscitizen
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    uscitizen Senior Member

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    What happened to Palins natural gas pipeline that god told her to build?
     
  9. there4eyeM
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    there4eyeM unlicensed metaphysician

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    Yeah, the industry carries the economy ;
    -with fifty percent plus purchase of petroleum overseas, it carries the economy out of the country.
    -it carries the economy into the bank accounts of already dangerously over rich oil companies.
    -it carries the economy deeper into the problem of dealing with pollution.
    It really does a lot of carrying.
     
  10. Samson
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    Samson Póg Mo Thóin Supporting Member

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    :eusa_eh:

    What medication are you taking......I want some too.
     

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