Obama Wants Power, Not Jobs

Natural gas is a feedstock for the production of fertilizer, plastics, and many chemical products. Fortunately, America possesses vast reserves of recoverable natural gas. The low price of this gas is one factor spurring companies like Dow Chemical to expand production in the United States rather than send jobs overseas. How many jobs? According to one reliable estimate, low gas prices resulting from hydraulic fracturing will result in the creation of one million new jobs in the U.S. in the next decade and a half. That is in addition to another half million jobs created by the fracking process itself and the countless other spin-off jobs necessary to support those expanding chemical, fertilizer, plastics, and energy industries. (Canadian oil sands development alone would create 343,000 new jobs in the U.S. That is the same development that Obama is trying to shut down with his veto of the Keystone XL pipeline.) It all adds up to a renaissance for American industry, with all the...(Read Full Article)

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