3/27/14 Energy Contrast

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The comparison of Midland, Texas and Yuma, Arizona is an excellent study in the contrast between sound and failed policies.

At 2.9% Midland has the nation’s lowest unemployment rate of any metro area.  Yuma has the worst at 26.1%.  Nearly 10 times higher.

Midland is at the heart of the Texas oil industry.  It’s perched above the Permian Basin.  A rich deposit of shale oil.  Oil companies can’t hire workers fast enough.

Midland experienced a 25% increase in per capita income from 2009 to 2011.   More than three times the national average.

But it has three qualities liberals really hate: Texas.  Fossil fuel.  And fracking.

At the opposite end of the spectrum is Yuma.

It’s home to the Agua Caliente Solar Project. The world’s largest solar panel system.  

The Department of Energy, which has spent billions on bankrupt “green energy” projects such as Solyndra and Fisker, doled out nearly one billion dollars for Aqua Caliente.

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.  That’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)

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