Tag: oil and gas industry


This WSJ on Canada’s Oil sands producing a plethora of jobs deals real well with the difference between us and them when you get information like this:

Yet Canada has outperformed the U.S. since then. In 2010, according to the International Monetary Fund, Canada grew at 3.2% versus 2.9% in the U.S. In 2011, the IMF estimates Canada will grow at 2.9%; unemployment is now 7.3%. The IMF’s U.S. growth forecast is 2.5% this year, and U.S. unemployment is 9.1%.

But something else cought my eye in this article which I found far more damning. I will bold the relevant part:

Alberta’s oil and gas industry supports more than 271,000 direct jobs and hundreds of thousands of indirect jobs in sectors such as construction, manufacturing and financial services. The province has an unemployment rate of 5.6%. There are also some 960 American companies involved in Alberta energy, supplying equipment and technology, among other things. As an example, Mr. Liepert says, “dozens of Caterpillar tractors, made in Illinois and Michigan and costing $5 million a piece” work the oil sands. He says the region is on track to create more than 400,000 direct American jobs by 2035. The Bakken region of North Dakota, where private land ownership gives drillers relief from federal obstructionism, shares a similar, if smaller, story. Oil production there is booming, and North Dakota unemployment is 3.3%.

Let that sink in: wherever the Feds and their watermellon regulators have not been allowed to come in to pick the winners & losers, the economy has been doing beyond fine. Contrast the employment numbers for ND with those of California, then the oil industry there with the winners our own WH picked – Solyndra for example – and you should get a feel of why we need a lot less government “help” than we currently have.

Please spare me the “evil capitalist corporations will kill Gaia” stories. These people have to breathe the same air, drink the same water, and live in the mess they would create, and the last 2 decades have all but made sure that the corporations that succeed are the ones that actually keep that in mind. Don’t wait for the LSM to put out any of this information, though. They are too busy kissing O’s ass.