Americans Want Jobs, Not Higher Taxes »
by Jack Gerard
Thursday 12 May 2011
Even as the economy creates more jobs, unemployment remains much too high. That is one reason Americans remain highly suspicious of efforts to increase taxes on the oil and natural gas industry, an industry that supports more than 9.2 million jobs - and could create more than one million new jobs if we opened areas currently off limits, pursued oil and natural gas shale development, and furthered our energy partnership with Canada. A new study by PricewaterhouseCoopers LLP found that in addition to millions of jobs, the oil and natural gas industry also supports 7.7 percent of the U.S. economy, with its economic impact reaching all 50 states and the District of Columbia.


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