AEIdeas

The public policy blog of the American Enterprise Institute

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Discussion: (9 comments)

  1. John Dewey

    The Left and the energy industry have been at war for at least 60 years. It was Roy Cullen, H. L. Hunt, and other Texas oil men who funded Joe McCarthy and other ultra-conservative political messengers back in the 1950s. Koch Industries founder Fred Koch was also one of the founders of the John Birch Society (JBS). The Texas oil men and Koch’s JBS saw a Communist conspiracy behind every liberal and left-wing scheme. The Left seemed to see Big Oil behind every conservative or military action.

  2. WOW!! And the oil and gas industry has been kept back by Obama as much as he possibly can do it. WOW!!

  3. Mostly if not all on private land because the Obama administration has shut down Federal land.

  4. Note that if the BNSF were still an independent company it would benefit from North Dakota even more, as it has built terminals to ship oil from Willisoton ND south. In a way the coal slow down has helped as it leaves the ability to ship oil out of ND either east or west to the Powder River Lines and then to the market. (The Powder River line is a joint UP BNSF line in eastern Wy). If you look at a railroad map back 110 years ago there was little north south traffic west of the Missouri River, so that traffic has to move east to Mn or with the coal line west to the Powder River area.

  5. Benjamin Cole

    I sense the oil boom in the USA has legs…unless oil prices crack.

    Remember, after the 1979 oil price spike, it was 20 years of slow declines in prices.

    I think there is a ceiling now on oil prices, but the question is, what is the floor?

  6. I love this data but could you please put up a chart that shows total private employment in the percentage basis you have and then one without the oil and gas new employment. This would be a killer in that it would probably show that x-O&G the Obama years have shown no private employment growth. It would also show how Obama by standing in the way of every energy initiative (except solar and windmills) has keep people from being employed in America where we can now be taking jobs away from the rest of the world instead of giving them up. Please do this. Please!

  7. The problem is that shale producers are not self financing. That means that the jobs will only last as long as the funding gaps can be filled. I have noted that you have made hundreds of points about minutiae in the shale sector but fail to look at the actual cash flows and balance sheets of the producers.

    1. Great thought. I have to believe that since you brought it up as a problem you should have the data so how about posting it?

  8. Hmmm, why would anyone listen to the EPA in the first place?

    From CBS Atlanta: New Wyo. tests show less benzene in fracking zone
    Updated: Sep 26, 2012 7:29 PM CDT

    CHEYENNE, Wyo. (AP) – New groundwater testing in Wyoming shows lower levels of the carcinogen benzene than what the U.S. Environmental Protection Agency reported when it linked contaminants in two water wells to hydraulic fracturing, but only one well was tested this time.
    (there’s more)
    =====================
    From Investors Business Daily: EPA Funds Green Groups That Sue The Agency To Expand
    Posted 07/06/2011 06:17 PM ET

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