3/27/14 Energy Contrast
The comparison of Midland, Texas and Yuma, Arizona is an excellent study in the contrast between sound and failed policies.
Midland is at the heart of the Texas oil industry. Itâ€™s perched above the Permian Basin. A rich deposit of shale oil. Oil companies canâ€™t hire workers fast enough.
But it has three qualities liberals really hate: Texas. Fossil fuel. And fracking.
At the opposite end of the spectrum is Yuma.
Now in all fairness, the $967 million in federal loan guarantees did create jobs. According to the Department of Energy.
Ten. A billion dollars created 10 permanent jobs. Your math is correct. Thatâ€™s $100 million for each permanent job created.
Agua Caliente is expected to be completed later this year. Will it live up to Washington hype? Or become another billion dollar boondoggle?
(h/t Washington Free Beacon)