First, it was 20,000 jobs the Obama Administration delayed by punting a decision to approve the Keystone XL pipeline, which would bring 700,000 barrels of oil per day from Canada into the United States. Multiply that number by 10 and you have the amount of jobs the President is putting on hold by delaying a mineral lease sale in Ohio’s Wayne National Forest for oil and gas drilling. This decision kills jobs and denies Americans access to affordable energy.
The Washington Examiner reports that Wayne National Forest already has 1,300 oil and gas wells in operation, but access to Utica’s shale gas reserves would require hydraulic fracturing. The United States Department of Agriculture announced a six-month delay in the leasing of 3,000 acres in the forest to study the environmental effects of hydraulic fracturing. This decision not only delays access to the jobs and energy that Americans need now, but it blocks an important revenue source for federal and state governments. The Ohio Oil and Gas Energy Education Program estimated that:
Natural gas and crude oil industry could help create and support more than 200,000 Ohio-based jobs from the leasing, royalties, exploration, drilling, production and pipeline construction activities for the Utica shale reserve. The state could experience an overall wage and personal-income boost of $12 billion by 2015 from industry spending.
The study also projects royalty payments to landowners, schools, businesses and communities could increase to as much as $1.6 billion by 2015—a number that exceeds the total amount of royalties distributed by Ohio’s natural gas and crude oil industry in the last decade. Total tax revenue from oil and gas exploration and development in the Utica shale formation from 2011 until 2015, including severance, commercial activity, ad valorem (property), federal, state and local taxes, is projected to be approximately $479 billion. Industry expenditures related to Utica shale development could generate approximately $12.3 billion in gross state product and result in a statewide output or sales of more than $23 billion.
This sounds like a win all around. Jobs are plentiful, the tax base at all levels will be expanded. But, Obama apparently thinks that 1,000,000 Obama phones is a proper vote-exchange medium. But jobs? Those apparently don’t help out with the whole dependency thing.
I guess this won’t go on a government website as “jobs saved or created,” will it?