How To Jump Start the Economy

[Pilgrim]

Here's a great article in the Wall St. Journal showing what could happen if we were to take advantage of our natural resources. This compares areas of two states - PA and NY - and the results that have come from the two states whose approaches are diametrically opposed to each other.

More than 2,000 wells have been drilled in the Keystone State since 2008, and gas production surged to 81 billion cubic feet in 2009 from five billion in 2007. A new Manhattan Institute report by University of Wyoming professor Timothy Considine estimates that a typical Marcellus well generates some $2.8 million in direct economic benefits from natural gas company purchases; $1.2 million in indirect benefits from companies engaged along the supply chain; another $1.5 million from workers spending their wages, or landowners spending their royalty payments; plus $2 million in federal, state and local taxes. Oh, and 62 jobs...

Then there's New York. The state holds as much as 20% of the estimated Marcellus shale reserves, but green activists have raised fears about the drilling technique known as hydraulic fracturing and convinced politicians to enact what is effectively a moratorium.

Review & Outlook: A Tale of Two Shale States - WSJ.com

Considering the reserves we have in the lower 48 states and Alaska, just think of all the oil and natural gas that could be harvested, the jobs that would be created, the tax revenues that would be generated, the incomes that would be spent on durable goods, the houses and cars that would be bought and the energy independence that would be gained if only we had an administration and congress that would let capitalism work. But instead we've got Hope and Change, and like the good people of New York we see how that's working out.

 

[OntarioVanMan]

Here's a great article in the Wall St. Journal showing what could happen if we were to take advantage of our natural resources. This compares areas of two states - PA and NY - and the results that have come from the two states whose approaches are diametrically opposed to each other.
Considering the reserves we have in the lower 48 states and Alaska, just think of all the oil and natural gas that could be harvested, the jobs that would be created, the tax revenues that would be generated, the incomes that would be spent on durable goods, the houses and cars that would be bought and the energy independence that would be gained if only we had an administration and congress that would let capitalism work. But instead we've got Hope and Change, and like the good people of New York we see how that's working out.

as you guys have always said....the government just has to get out of the way...

 

[Ragman]

Here's a great article in the Wall St. Journal showing what could happen if we were to take advantage of our natural resources. This compares areas of two states - PA and NY - and the results that have come from the two states whose approaches are diametrically opposed to each other.
Considering the reserves we have in the lower 48 states and Alaska, just think of all the oil and natural gas that could be harvested, the jobs that would be created, the tax revenues that would be generated, the incomes that would be spent on durable goods, the houses and cars that would be bought and the energy independence that would be gained if only we had an administration and congress that would let capitalism work. But instead we've got Hope and Change, and like the good people of New York we see how that's working out.

If it is that easy to gain energy independence, why then wasn't it done during the dubbya years?

 

[Pilgrim]

That's a good question. Unfortunately, when we combine the environmental radicals with the bureaucrats in the EPA and other entrenched liberals in the govt regulatory agencies they are able to file lawsuit upon lawsuit to delay and obfuscate the permits and other legal hurdles that have to be crossed to go after oil and natural gas. Personally, I think W Bush was too much of a mushy moderate on these economic issues to really challenge this position. But keep in mind that sometimes the difference resides in the policies of state legislatures as stated in the article.
One would think that the state of New York being hard pressed for revenues as it is would see the successes in PA and do whatever it takes to cash in on the opportunity. Instead, their legislators seem to think the little people can eat cake while the liberal elites wallow in their feel-good political correctness.

 

[Tennesseahawk]

Nah... New York is, itself, a welfare case. It has no ambition to get itself out of debt, other than by raising taxes. It's strategy is for OTHER STATES to pay its way out of debt.

As for Dubya... the Republican congress was playing charades, and for some reason kept acting like donkeys. Not to mention, as Pilgrim stated, leftists love the courts. When the majority votes for something leftists don't like, you can bet your rump roast they'll go whining to a liberal judge. If you remember, there was a California case where this company couldn't build a factory, because some animal nut group claimed an endangered FLY made its habitat there. So California is exactly the same as NY for being a welfare state. Why breed progress, when you can force other states to give it to you?