US energy job potential by removing restrictions--2 to 4 million jobs?
...While I support the removal of restrictions on energy development, I think you have to factor in the price of oil and gas. If it continues to be depressed the feasibility of some of these projects will be questioned.
A study found that the removal of drilling restrictions on federal lands and water could create 2.7 million energy jobs, while another 1.8 million could be created by encouraging hydraulic fracturing or fracking. Since most of the damage to the coal industry has already been done, coal jobs are less likely to be created and only tens of thousands could potentially be generated.
Opening federal lands for natural gas, oil, and other drilling would create 2.7 million jobs and add $663 billion to the economy each year for the next 30 years, according to a new study published last December by Louisiana State University and the free market Institute for Energy Research (IER). More than 75 percent of the jobs would be in high-wage, high-skill employment, and many would be “support” jobs outside the energy industry.
Opening up these lands and waters would also lead to $5.1 trillion in new wages and $3.9 trillion in new federal tax revenue over the next 37 years, which would massively stimulate the economy, according to the research.
Opening up the Arctic National Wildlife Refuge’s (ANWR) oil reserves would create an estimated 736,000 new American jobs, according to an economic analysis.
Studies by industry groups estimate that offshore drilling would create 840,000 American jobs and nearly $200 billion in revenue for the government by 2035.