The Real Boom is in Traditional Energy, Not “Green Jobs”
Its 3.3 percent unemployment rate is the lowest of any state, according to the Bureau of Labor Statistics. North Dakota also boasts a state budget surplus of $1 billion. Compare these figures with California’s 11.1 percent unemployment rate—second highest in the country—and a likely $13 billion budget deficit in the coming fiscal year.. – City Journal
by Brian Calle in CityJournal
Its 3.3 percent unemployment rate is the lowest of any state, according to the Bureau of Labor Statistics. North Dakota also boasts a state budget surplus of $1 billion. Compare these figures with California’s 11.1 percent unemployment rate—second highest in the country—and a likely $13 billion budget deficit in the coming fiscal year …
California law requires that the state obtain at least one-third of its energy from renewable sources such as wind, solar, and geothermal—and imposes onerous costs not only on businesses, but on every ratepayer and consumer in the state. One study projected that the law will cost the state economy $183 billion—a staggering burden for Californians already struggling under the highest energy prices in the nation.
North Dakota’s underdog story illustrates how a different approach to public policy—and in particular, to traditional energy procurement—can bolster economic activity and job creation. While Golden State legislators bow to special interests and dither in a dream world where “green jobs” save the day, North Dakota is reaping the economic benefits of traditional energy production.
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