“Every one-cent increase at the pump steals about $1 billion from the larger economy that consumers would have otherwise saved or spent on something else,” the Wall Street Journal has pointed out. High gasoline prices thus translate into lost jobs, lost tax revenues and lower living standards.
Post Tagged with: "gas"
November 4, 2012 08:33
Obama’s Fracktured Fairy Tales
Fracking could turn the United States into the world’s #1 oil producer within just a few more years, while helping to generate millions of jobs and billions in local, state and federal revenues. It devastates the Obama/environmentalist mantra that we are running out of oil and gas, and makes wind, solar and biofuel “alternatives” increasingly uncompetitive, risky and unable to justify the billions of taxpayer dollars required to subsidize them.
August 16, 2012 06:43
America’s Energy Outlook
Oil and gas not only touches people’s lives everyday whenever you flip on the light or gas up at the gas station but it affects costs of all services and goods. Higher energy costs drive up costs for virtually everything.
June 14, 2012 06:39
Shale Boom Will Create 1.5M New Jobs by 2035 and Generate $1.5T in Tax and Royalty Revenue – someone tell Obama
Drill, drill, drill = investment, investment, investment = jobs, jobs, jobs = government revenue, revenue, revenue = win, win, win.
May 24, 2012 06:35
Shale Gas Boom Creates Jobs and Saves Consumers Billions
Sure seems like a win, win, win situation – an energy stimulus program that didn’t require any taxpayer support and wasn’t even part of any intentional energy policy from Washington.
May 1, 2012 04:36
Cheap Natural Gas Heralds an Energy Revolution That Will Displace Nuclear, Coal, Wind and Solar
“[I]t is ironic also that cheap gas will completely remove the need for electricity generated by solar or wind—much to the chagrin of environmental zealots. And all those folks hoping that energy prices would continue to rise and that electricity costs would “skyrocket” will be sorely disappointed.”
March 16, 2012 04:39
Fossil Fuel Production (Coal, Oil, Gas) on Federal Lands Falls to Lowest Level in 9 Years, Since 2003
Obama boldly deceives the public as he loudly proclaims drilling is up. But as we have shown for years Obama’s radical anti-energy policies are driving down production everywhere he has a real impact. His tyrannical EPA has also reached out and is now destroying private coal plants too which is driving up costs of electricity.
March 9, 2012 07:12
$14 million per permanent “green” wind job – How Obama’s Anti-Energy Policy Kills Jobs
Obama’s policies are destined to damage the economy because they will penalize the efficient, job-creating oil and natural gas industry, …. and because they will raise energy costs for American consumers and manufacturers.
February 9, 2012 04:15
Little Green Morons
After three years of the most astonishingly stupid and wasteful green energy policies inflicted on Americans, it is hard keeping score of the various beneficiaries of government largess that are going bankrupt. The most famous at this point is Solyndra that went belly up taking a half billion in loan guarantees—taxpayer funded—with it. Beacon Power, a green energy storage plant, filed for bankruptcy last fall took with it $43 million of more Department of Energy loan guarantees. Ener1, touted during a visit by Vice President Joe Biden—who inadvertently called it “Enron1”—filed for Chapter 11 bankruptcy. The electric car battery maker had received a $118 million grant from the Obama administration.
January 26, 2012 06:39
You Lie! – Obama Claimed Credit for the Oil and Gas Boom
Obama’s anti-energy policies have had a chilling on oil and gas production on federal lands. Not surprising considering his energy secretary is infamous for having said “Somehow we have to figure out a way to boost the price of gasoline to the levels in Europe” which were above $7 a gallon at the time.
