Posted April 8, 2013
America’s oil and natural gas industry supports 9.2 million jobs and 7.7 percent of the U.S. economy. Since 2000, it has invested more than $2 trillion in U.S. capital projects, stimulating our economy – a repeatable, sustainable stimulus that doesn’t depend on an act of Congress.
In that context, check out our new television ad that focuses on energy job creation, economic growth and the way tax increases on the oil and natural gas industry could hinder both:
Instead of higher energy taxes, the better choice – one that won’t hurt job creation and economic stimulus – is to let the oil and natural gas industry do what it does well – develop energy into reliable, available fuels for the American people.
Increased access to U.S. resources, spurring greater industry activity, would generate far more revenue for government than new, discriminatory tax increases. Wood Mackenzie estimates pro-energy policies could bring in $800 billion in cumulative, additional revenue for the government by 2030 – a figure that dwarfs revenue projections from tax increases on the industry.
Worth repeating: “Washington shouldn’t stop what’s working,” and “our economy can't afford to take a step backwards.”
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.