What Is Missing From Obama's Job Plan?

At the beginning of September President Obama presented Congress with his $447 billion business proposal to get Americans to work and pleaded both the House and the Senate to pass it at once.

However there is an oversight that should have played an important component to his job plan ? U.S. Energy.

American self-sufficient domestic oil and gas suppliers are the spine of the energy marketplace. These independent producers, like Swan Energy, develop 90% of the O & G wells in the U.S... These wells produce 68% of the oil and 82% of the gas in America.

As President Obama crisscrosses around the nation promoting his job strategy amidst the higher joblessness and economic woes, the independent gas and oil producers are silently contributing to the employment growth.

As outlined by the President of the Independent Petroleum Association of America (IPAA), in 2010 independent oil and gas businesses (like Swan Energy) made up nearly 4 million work opportunities. That's an exceptional 3% of all jobs in the U.S.!

Instead of promoting this amazing job opportunity which only could strengthen our country's policy and also reduce our reliance upon the international oil, Obama's plan places its crosshairs on the oil and gas marketplace by the mischaracterized "tax loopholes" for the oil and gas companies by seeking to kill the past tax structure that has promoted business investing by private suppliers and private shareholders who are willing to consider thehigh risk of oil pursuit and production

These so-called "tax loopholes" have promoted American work development for many years.

If we think about the market as a whole, looking beyond the independent oil and gas producers, America can observe considerable job development

According to William O'Keefe, CEO of the George C. Marshall Institute, President Obama's decision to leave out traditional energy from his jobs plan clashes with his very own administration's knowledge. Labor Department figures indicate that the oil and gas industry has been developing work opportunities as the economy has been losing them.?

Look at the information beneath which was released by the U.S. Labor Department this year, since 2007 the U.S. has lost 5.7% of its work opportunities, even though the oil and gas industry has gained 16.9%. Swan Energy thinks that with the oil and gas boom that people are observing throughout the U.S. we may observe significant job development in 2012. Job growth in the oil and gas market improved about 200% in less than a year in 2011. It's not unreasonable to infer that people might see this same trend next year.

What can occur to job growth if the hostility towards oil and gas exploration and development is lowered?

Swan Energy has been surprised to discover from the IHS Global Insight-CERA results that just a single year measure to increase the speed of federal permitting for O & G producers may produce:

- 230,000 American work opportunities - Over $44 billion to the U.S. GDP - Nearly $12 billion in state and federal tax and royalty earnings.

All this without the $447 Billion price tag.

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Learn more about Swan Energy at http://swanenergyinc.com/

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