What's Missing The Most In Barack Obama's Job Plan?

At the beginning of September President Barack Obama presented the nation's lawmakers with his $447 billion proposition to get U.S

. citizens to work and pleaded both the House and the Senate to push it forward right away.

But there was an oversight that ought to have played a significant component to his job plan ? U.S. Energy.

American self-sufficient nation wide oil and gas companies are the backbone of the energy industry. These third party producers, like Swan Energy, develop 90% of the oil and gas wells in the United States.; these wells produce 68% of the oil and 82% of the natural gas in the United States.

As President Obama crisscrosses around the nation promoting his job plan amidst the high joblessness and economic worries, the independent gas and oil suppliers are quietly contributing to the employment growth.

Based on the President of the Independent Petroleum Association of America (IPAA), in 2010 individual oil and gas businesses (like Swan Energy) accounted for nearly 4 million work opportunities. That's a superb 3% of all the jobs in the U.S.!

Instead of endorsing this outstanding job opportunity which only could strengthen our nation's policy as well as reduce our need for the foreign oil, Obama's plan puts its crosshairs on the oil and gas sector by the mischaracterized "tax loopholes" for the oil and gas providers by seeking to kill the traditional tax framework that has endorsed business investing by individual suppliers and independent investors that are prepared to take thehigh risk of oil exploration and production. These so-called "tax loopholes" have endorsed American work growth for decades.

If we look at the industry in general, going past the independent oil and gas suppliers, America could observe considerable job growth. According to William O'Keefe, CEO of the George C. Marshall Institute, President Obama's choice to leave out traditional energy from his jobs strategy conflicts with his own administration's knowledge. Labor Department figures demonstrate that the gas and oil industry continues to be developing jobs as the economic climate has been shedding them.?

Look at the information beneath that was unveiled by the U.S. Labor Department in 2011, since '07 the U.S. has lost 5.7% of its job opportunities, even though the oil and gas industry has gained 16.9%. Swan Energy thinks that with the oil and gas boom that we are observing all through the U.S. we may see considerable job growth in 2012. Job development in the oil and gas sector increased about 200% in less than a year in 2011. It is not unreasonable to infer that we could see this same trend next year.

What can happen to job development if the hostility when it comes to oil and gas exploration and development is reduced?

Swan Energy has been surprised to find out from the IHS Global Insight-CERA results that only a single year measure to increase the pace of federal government permitting for oil and gas producers may generate:

- 230,000 American jobs - Over $44 billion to the U.S. GDP - Nearly $12 billion in federal and state tax and royalty earnings.

All of this without having the $447 Billion price tag.

by: Erik Blair

POST COMMENT

Obama Administration Taking Unprecedented Approach To Drug Addiction The Reasons For President Obamas Trip To Australia Obamacare Written By Amateurs, Reform Law Must Be Completely Revamped Says Physician Group The Subdued Strategy Of Developing Fairly Enjoyable Obama T-shirts For The Election Obamacare? Yes He Does! Obama Versus Romney By Charlie Finch A Short Overview Of The Obama Mortgage Plan Your Guide To The Obama Mortgage Relief Plan Many Options Under The Obama Mortgage Relief Plan A Comparison Of Obama Vs Bush In Tax Cutting President Obama Has Officially Begun His Campaign What Role Does Obama Play In Black Ops 2 Obama Announced An Agreement For Extend Tax Cuts