Gov. Rick Perry has released a jobs plan. Or is it an energy plan? Or it is an EPA-reform plan? Or is it a trade-deficit plan? The plan is a bit of each, and it is a very good one.
Governor Perry, under whom Texas enjoyed the strongest job-creation record of any large U.S. state, proposes to open up oil and gas production in areas in which American producers are either shut out or heavily restricted: the Gulf of Mexico, the Florida coast, and Alaska, among others. Perry’s plan also entails the approval of the Keystone XL pipeline and the liberalization of regulations hindering production in throughout the United States. Governor Perry estimates that U.S. oil and gas production could be expanded by some 9.3 million barrels of oil per day and 22.4 billion cubic feet of natural gas, creating more than 1 million new energy-industry jobs.
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