American jobs, income boom blocked by Democrats

May 9, 2012 04:59


North Dakota’s per-capita income jumped 78% in the past 12 years, largely due to its fossil fuel boom. Imagine the impact at the national level if Washington stopped blocking energy development. … North Dakota has the lowest unemployment rate in the country at 3.3%. The jobless rate in Williston, the core of the state’s oil patch, which is fed by the Bakken Formation, is impossibly low at less than 1%. – IBD

 

 

From IBD Editorials


EXCERPTS:

Imagine the impact at the national level if Washington stopped blocking energy development.

 

The president, his Cabinet and his party in general are hostile to the fossil fuels driving the Dakota Spring, and they can’t like what an awestruck country is watching take place there.

 

But what if the Democrats weren’t militantly against fossil fuels? What if they decided to unleash oil, gas and coal development across the country? What if they opened the roadblocks and took down the hurdles they’ve erected over the last 40 years?

Releasing just one project alone, the Keystone XL pipeline expansion, would directly create 20,000 new jobs, according to one estimate, and indirectly create another 100,000 jobs.

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