Professor Mark J. Perry's Blog for Economics and Finance
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
18 Comments:
“Even MSNBC Admits Big Oil Creates Jobs”
^^^^^^^^^^^^^
You’ll never hear it from Rachel Maddow. Just about how we have to end the massive “subsidies” that the government “gives” to the evil oil companies.
New "brown dense shale" deposits are being looked at in LA and TX....could be huge too.
I have always said, at anywhere near $100 a barrel we get swamped with new supply while demand flatlines...the Peak Oil Doom scenario is just fearmongering for profit....
Nobody denies that drilling creates jobs. Trashing the Brazilian rainforests to collect more oil and hiring mercenaries to wipe out the indigenous people would create jobs as well. Going to war creates jobs, both for military and mercenaries like those with Blackwater. There are other considerations besides creating jobs.
"Trashing the Brazilian rainforests to collect more oil and hiring mercenaries to wipe out the indigenous people would create jobs as well"...
O.K. and the downside is what jon?
BTW jon if I'm not mistaken isn't most Brazil's oil actually offshore? I thought I heard that on CNBC the other day...
Obama must be the greenest president this country ever had (no pun intended), because no matter how much money he spends, he can't generate enough jobs to even keep up with population growth.
Maybe you're right Juandos. I'm just contriving a hypothetical. Substitute Ecuador if you like.
"Nobody denies that drilling creates jobs. Trashing the Brazilian rainforests to collect more oil ...blah, blah, blah ..." -- Jon
Please, get over yourself.
Hundreds of jobs created - and nary a one because of government. Imagine that.
"Going to war creates jobs, both for military and mercenaries like those with Blackwater"
^^^^^^^^^^^^^^^^^
That is Obama-style reasoning.
Creating a new war doesn't create NET jobs.
"Please, get over yourself."
Thank you.
"Trashing the Brazilian rainforests to collect more oil and hiring mercenaries to wipe out the indigenous people would create jobs as well"...
assuming this is true, isn't this even more of a reason to incentivize drilling here at home rather than abroad?
"Trashing the Brazilian rainforests to collect more oil and hiring mercenaries to wipe out the indigenous people would create jobs as well"...
Well, yeah. Also, killing the Left's FARC terrorist buddies in order to open more areas of the Colombian countryside for exploration and drilling.
Once the initial wells are drilled, I think the number of jobs would decrease, but stay higher than they were before the boom.
"Trashing the Brazilian rainforests to collect more oil and hiring mercenaries to wipe out the indigenous people would create jobs as well."
Still better than the green jobs swindle.
From WSJ, drilling back to normal in Gulf, though not off Florida where the Bush Bros, permanently banned oil drilling.
BY RUSSELL GOLD
The Gulf of Mexico has staged a comeback as a source of oil for big energy companies, little more than a year after the Obama administration largely shut down drilling in the wake of the largest offshore oil spill in U.S. history.
The burst of activity comes as the government prepares to toughen its oversight of offshore drilling. On Wednesday, federal regulators probing the Deepwater Horizon disaster issued a report that recommended numerous changes.
Drilling has returned to near-normal levels in the Gulf. There are 23 rigs currently drilling wells in water deeper than 3,000 feet, according to federal statistics. ...
Benji,
"..though not off Florida where the Bush Bros, permanently banned oil drilling."
You keep repeating this nonsense that the drilling ban is impossible to lift. You are a liar.
Besides, Floridians oppose drilling offshore according to most polls, hence the ban. Contrast to Alaska where 78% of Alaskans support drilling in ANWR, but your boyfriend and crew keep off-limits.
you'd think some droid would fact check how to spell Bakken. Twits
Aside from the jobs directly related to drilling, there are numerous "mom and pop" supply and service firms in each "oil patch" city that are supported by increased drilling.
Machine shops, suppliers of pipe and drill bits, trucking firms, suppliers of drilling mud, temp agencies for roustabouts, clean-up crews,...
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