With the unemployment rate at 9 percent, Washington should be looking to create jobs that aren't going to run to China. Or, as Jack Gerard, president of the American Petroleum Institute, told The New York Times, "If the president really were serious about job creation, he would be working with us to develop American oil and gas by American workers for American consumers."
American Enterprise Institute senior fellow Steven F. Hayward likes to ask people which state has the lowest unemployment rate. The answer is North Dakota, with an unemployment rate of 3.8 percent. "The reason is they've had a huge oil and gas boom," Hayward explained. They've tripled their oil output.
As the price of oil spills over the $100-per-barrel mark, Washington ought to reconsider the "green jobs" approach. As Hayward noted, "Brown energy creates jobs and prosperity."
Clinton Foundation: Oh, We Made Additional $12-26 Million From Speeches Given By the Former First Family | Matt Vespa