There’s been some interesting commentary of late about how energy development in Canada could provide a genuine stimulus to the U.S. economy. Recently, an editor at the Wall Street Journal wrote “Canada’s Oil Sands are a Jobs Gusher.” In that piece, Mary Anastasia O’Grady made a compelling point about how Alberta, a center of oil sands production in Canada, has handled the global economic slowdown better than most due in part to the Canadian government’s commitment to oil sands production.
This week the Administration is expected to announce its proposals for paying for the president’s new jobs plan.
Judging by last week’s speech, it seems likely that there will be another attempt to use oil companies as the “pay for” to fund programs outlined in the president’s address. If so, unfortunately this appears to be the latest effort in advocating for hiking oil and natural gas company taxes as a misguided solution to the country’s economic challenges.
How can America create more jobs? It’s a question a lot of people are asking on the heels of another highly disappointing jobs report from the Labor Department – and in advance of the president’s jobs-focused speech this evening. No matter how many differences of opinion there are in Washington on a wide range of issues, I think everyone agrees that what our nation needs is solid growth in sustainable, long-term employment. Two compelling proposals released in the past two days tell us just how to do that.
It’s been just a little over a year since I launched the Perspectives energy policy blog, and I want to thank everyone who has taken the time to read and comment on my posts. Now, I’m pleased to announce that, in addition to maintaining the blog, I’ll be continuing the policy discussion on Twitter.