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Overcast The last thing we need is another stimulus package
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Production of natural gas is on the rise, and growing 4 to 5 percent per year. This is a chance for the U.S. to shift from customer to seller, and businesses have been buying in. Due to the reduced cost of supply, natural gas prices have declined 83 percent since December 2005. Large trucking and delivery companies — for example, UPS — have begun installing natural-gas pumps at their stations and adding trucks that run on natural gas to their fleets.
Analysts are forecasting that this could spur a new industrial revolution here in the U.S. Citigroup has predicted that the “surge in domestic gas and oil supply will add 2 to 3 percent in real GDP, and create as many as 3.6 million jobs.”
Here in New York, it appears that Governor Cuomo, realizing the potential for natural gas in our state, will lift the moratorium on hydraulic fracturing, or fracking, this summer. Although the governor’s proposals for drilling for natural gas will be cautious and limited to the Southern Tier’s Marcellus Shale, he already has the major environmental groups, like the Sierra Club, on his back.
Our leaders shouldn’t let politics and special-interest groups stand in the way of job creation. The American people spoke in Wisconsin: They were sick of watching unions receive sweetheart pension-and-benefit deals that cripple budgets. Right here in Nassau County, thanks to County Executive Ed Mangano’s leadership, we have reduced the public work force by 1,776 positions, cutting an estimated $200 million in wasteful spending out of the budget.
Obama must see the future in natural gas and allow further drilling to take place. These are the types of projects that will spur job creation and economic growth, not adding more teachers and public employees to the municipal payrolls.
One quick campaign note, friends. It’s rumored that Mitt Romney is shortening his list of potential vice presidential candidates and may have added former Secretary of State Condoleezza Rice to the list. I would think that if Romney was thinking strategically, he would consider the importance of swing states, like Florida, and swing voters, like the Latino vote, and make sure Sen. Marco Rubio remains on the short list.
Just my opinion.
Analysts are forecasting that this could spur a new industrial revolution here in the U.S. Citigroup has predicted that the “surge in domestic gas and oil supply will add 2 to 3 percent in real GDP, and create as many as 3.6 million jobs.”
Here in New York, it appears that Governor Cuomo, realizing the potential for natural gas in our state, will lift the moratorium on hydraulic fracturing, or fracking, this summer. Although the governor’s proposals for drilling for natural gas will be cautious and limited to the Southern Tier’s Marcellus Shale, he already has the major environmental groups, like the Sierra Club, on his back.
Our leaders shouldn’t let politics and special-interest groups stand in the way of job creation. The American people spoke in Wisconsin: They were sick of watching unions receive sweetheart pension-and-benefit deals that cripple budgets. Right here in Nassau County, thanks to County Executive Ed Mangano’s leadership, we have reduced the public work force by 1,776 positions, cutting an estimated $200 million in wasteful spending out of the budget.
Obama must see the future in natural gas and allow further drilling to take place. These are the types of projects that will spur job creation and economic growth, not adding more teachers and public employees to the municipal payrolls.
One quick campaign note, friends. It’s rumored that Mitt Romney is shortening his list of potential vice presidential candidates and may have added former Secretary of State Condoleezza Rice to the list. I would think that if Romney was thinking strategically, he would consider the importance of swing states, like Florida, and swing voters, like the Latino vote, and make sure Sen. Marco Rubio remains on the short list.
Just my opinion.
Al D’Amato, a former U.S. senator from New York, is the founder of Park Strategies LLC, a public policy and business development firm. Comments about this column? ADAmato@liherald.com.
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