14 Oct '11, 5pm

1.2 million jobs, Rick Perry? Try again, buddy:

1.2 million jobs, Rick Perry? Try again, buddy:

1.2 million jobs? Try again, buddy. Photo: Gage Skidmore Cross-posted from Council on Foreign Relations . The centerpiece of Rick Perry's economic plan [PDF], released this morning, is a pledge to create 1.2 million energy jobs. Mitt Romney has already promised to create nearly 1.5 million energy jobs. Why do we keep hearing numbers in this ballpark? And are they plausible? The figures appear to come largely from a study [PDF] prepared by the consultants Wood Mackenzie and published last month by the American Petroleum Institute (API). (Perry explicitly footnotes it in his plan.) That study found that "U.S. policies which encourage the development of new and existing resourses could, by 2030 ... support an additional 1.4 million jobs." About 1.2 million of those are based on expansion of U.S. production by 6.0 million barrels per day of oil and 22.4 billion cubic feet of g...

Full article: http://www.grist.org/election-2012/2011-10-14-can-rick-pe...

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