by Lore » Fri 28 Sep 2012, 12:12:55
Over the last three years, 2009 -2011, its been estimated that the Bakken has produced about 30,000 direct labor jobs with another 7,000 -10,000 jobs per years for the next five years. Every one of these jobs supports two more indirect jobs.
So we're talking at best 80,000 direct jobs if work continues at the present pace. And these jobs may, according to the article by TOD, just be short term employment.
Let's just compare this with the losses over the last few years during the auto industry crisis. Back in 2008 the auto industry parts-suppliers employees and car-dealer employees totaled approximately 1.6 million people. All auto-related industries and after-market service businesses employed approximately 3.1 million people in the United States. It's estimated two million people relied on the industry for health care and 775,000 retirees collect auto-industry pensions.
If we look at the BLS numbers from the auto manufactures alone, the differential from 2008 is down 165,000 workers.
I'm not really feeling the joy here. While there is certainly oil exploration creating jobs in other parts of the country and admittedly any new jobs being created is nothing to sneeze at. I see this as part of the analogy of running faster to just to stay still.
Last edited by
Lore on Fri 28 Sep 2012, 12:53:28, edited 1 time in total.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt