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Is big oil getting desperate?

Discussion in 'Energy, Environment, and Policy' started by sp4rk, Feb 12, 2013.

  1. sp4rk

    sp4rk Banned

    Apr 25, 2012
    Schaumburg, IL
  2. Robert.Boston

    Robert.Boston Model S VIN P01536

    Oct 7, 2011
    Portland, Maine, USA
    Big Energy has been using this approach for years. The flaw in this approach is that these analyses are not (usually) general equilibrium assessments. What does that mean? These "create 9.1 million jobs" claims simply assume that investment funds appears to drill/pump/refine/etc. There's no investigation, though, of what else those $billions would have been doing otherwise. It turns out that the oil&gas industry has a relatively low ratio of employment per investment dollar. For example, if you add a billion dollars of investment in wind farms (and associated manufacturing), you create more jobs than if you add a billion dollars of investment in oil&gas.

    Lots of research done on this subject, including:
    PERI Institute at UMass Amherst: Clean Energy Investment and Jobs
    Roland-Holst and Kahrl, UC Berkeley: Clean Energy and Climate Policies
  3. JRod0802

    JRod0802 Member

    Dec 15, 2010
    Boston, MA
    This sounds pretty desperate: The American Coal Foundation literally (though indirectly) pays schools to teach 4th graders a one-sided view of the coal industry, ignoring its negative effects on the environment and human health.

    Coal Curriculum Called Unfit for 4th Graders -


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