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'Pro-Energy' Policies Will Fuel the U.S. Economy, Add Jobs, and Lower Energy Costs (State-Specific)


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Pro-development energy policies could add 2.3 million U.S. jobs--and could add $443 billion, per year, to the U.S. economy--by 2035.  That's according to a study by Wood Mackenzie--"A Comparison of U.S. Oil and Natural Gas Policies: Pro-Development Policies vs. Proposed Regulatory Constraints"--which was released on Tuesday, June 23rd, by the American Petroleum Institute (API).  Conversely, the study found that regulatory constraints that have been proposed by the Obama administration could lead to 830,000 lost jobs--and could lead to a decrease of $133 billion, per year, in the U.S. economy.

In addition, according to the study, pro-development policies could increase cumulative local-, state-, and federal-government revenue by over $1 trillion, by 2035--while a path of regulatory constraints could, instead, lead to a cumulative decrease of $500 billion in government revenue.

The following state-specific soundbites are from API's chief economist, John Felmy--and are available only in MP3.  For a national soundbite, click here.

Colorado (:35)

"BY 2035, PRO-ENERGY POLICIES COULD CREATE 87-THOUSAND JOBS, THROUGHOUT COLORADO.  THEY COULD ALSO GENERATE 11-BILLION DOLLARS, IN ADDITIONAL REVENUES, FOR THE STATE--AND FOR LOCAL GOVERNMENTS.  WHAT'S MORE, THE RIGHT ENERGY-CHOICES COULD SAVE THE AVERAGE U-S-HOUSEHOLD 360 DOLLARS, EACH YEAR.  HOWEVER, IF THE FEDERAL GOVERNMENT MOVES AHEAD WITH PROPOSED CONSTRAINTS, COLORADO COULD LOSE 226-THOUSAND JOBS--AND SEVEN-BILLION DOLLARS, IN BOTH STATE- AND LOCAL-REVENUES.  IT COULD ALSO COST THE AVERAGE U-S-HOUSEHOLD 242 DOLLARS, ANNUALLY."

Missouri (:51)

"BY 2035, PRO-ENERGY POLICIES COULD CREATE TWO-THOUSAND JOBS, THROUGHOUT MISSOURI.  THEY COULD ALSO GENERATE 100-MILLION DOLLARS, IN ADDITIONAL REVENUES, FOR THE STATE--AND FOR LOCAL GOVERNMENTS.  WHAT'S MORE, THE RIGHT ENERGY-CHOICES COULD SAVE THE AVERAGE U-S-HOUSEHOLD 360 DOLLARS, EACH YEAR.  HOWEVER, IF THE FEDERAL GOVERNMENT MOVES AHEAD WITH PROPOSED CONSTRAINTS, MISSOURI COULD LOSE TWO-THOUSAND JOBS--AND 130-MILLION DOLLARS, IN BOTH STATE- AND LOCAL-REVENUES.  IT COULD ALSO COST THE AVERAGE U-S-HOUSEHOLD 242 DOLLARS, ANNUALLY.  PERHAPS MOST IMPORTANTLY, THE NEW OZONE-REGULATIONS PROPOSED BY THE E-P-A, BY THEMSELVES, COULD CAUSE MISSOURI'S GROSS STATE-PRODUCT TO DROP BY NEARLY 29-BILLION DOLLARS, BY 2040--AND COULD RESULT IN AN ANNUAL LOSS OF OVER 40-THOUSAND JOBS, THROUGHOUT MISSOURI."

New Mexico (:50)

"BY 2035, PRO-ENERGY POLICIES COULD CREATE 18-THOUSAND JOBS, THROUGHOUT NEW MEXICO.  THEY COULD ALSO GENERATE ONE-BILLION DOLLARS, IN ADDITIONAL REVENUES, FOR THE STATE--AND FOR LOCAL GOVERNMENTS.  WHAT'S MORE, THE RIGHT ENERGY-CHOICES COULD SAVE THE AVERAGE U-S-HOUSEHOLD 360 DOLLARS, EACH YEAR.  HOWEVER, IF THE FEDERAL GOVERNMENT MOVES AHEAD WITH PROPOSED CONSTRAINTS, NEW MEXICO COULD LOSE 12-THOUSAND JOBS--AND 18-BILLION DOLLARS, IN BOTH STATE- AND LOCAL-REVENUES.  IT COULD ALSO COST THE AVERAGE U-S-HOUSEHOLD 242 DOLLARS, ANNUALLY.  PERHAPS MOST IMPORTANTLY, THE NEW OZONE-REGULATIONS PROPOSED BY THE E-P-A, BY THEMSELVES, COULD CAUSE NEW MEXICO'S GROSS STATE-PRODUCT TO DROP BY ONE-POINT-SIX-BILLION DOLLARS, BY 2040--AND COULD RESULT IN AN ANNUAL LOSS OF WELL OVER SEVEN-THOUSAND JOBS, THROUGHOUT NEW MEXICO."

Ohio (:42)

"BY 2035, PRO-ENERGY POLICIES COULD CREATE 25-THOUSAND JOBS, THROUGHOUT OHIO.  WHAT'S MORE, THE RIGHT ENERGY-CHOICES COULD SAVE THE AVERAGE U-S-HOUSEHOLD 360 DOLLARS, EACH YEAR.  HOWEVER, IF THE FEDERAL GOVERNMENT MOVES AHEAD WITH PROPOSED CONSTRAINTS, OHIO COULD LOSE 15-THOUSAND JOBS.  IT COULD ALSO COST THE AVERAGE U-S-HOUSEHOLD 242 DOLLARS, ANNUALLY.  PERHAPS MOST IMPORTANTLY, THE NEW OZONE-REGULATIONS PROPOSED BY THE E-P-A, BY THEMSELVES, COULD CAUSE OHIO'S GROSS STATE-PRODUCT TO DROP BY MORE THAN 200-BILLION DOLLARS, BY 2040--AND COULD RESULT IN AN ANNUAL LOSS OF WELL OVER 200-THOUSAND JOBS, THROUGHOUT OHIO."

Virginia (:46)

"BY 2035, PRO-ENERGY POLICIES COULD CREATE 18-THOUSAND JOBS, THROUGHOUT VIRGINIA.  THEY COULD ALSO GENERATE ALMOST FIVE-BILLION DOLLARS, IN ADDITIONAL REVENUES, FOR THE STATE--AND FOR LOCAL GOVERNMENTS.  WHAT'S MORE, THE RIGHT ENERGY-CHOICES COULD SAVE THE AVERAGE U-S-HOUSEHOLD 360 DOLLARS, EACH YEAR.  HOWEVER, IF THE FEDERAL GOVERNMENT MOVES AHEAD WITH PROPOSED CONSTRAINTS, VIRGINIA COULD LOSE FIVE-THOUSAND JOBS--AND NEARLY HALF-A-BILLION DOLLARS, IN BOTH STATE- AND LOCAL-REVENUES.  IT COULD ALSO COST THE AVERAGE U-S-HOUSEHOLD 242 DOLLARS, ANNUALLY.  INCREASED DEVELOPMENT IN THE ATLANTIC, BY ITSELF, COULD BE VERY BENEFICIAL TO VIRGINIA--SUPPORTING UP TO 25-THOUSAND JOBS BY 2035, WITH INVESTMENTS REACHING OVER TWO-BILLION DOLLARS."



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