by Professor » Mon Jan 05, 2015 8:25 am
Directly, I can believe the 35 jobs line. Perhaps a few more, but less than the thousands others quote. However, the INDIRECT jobs created will easily be in the thousands. It will created excess supply that needs refinement, which will keep current refineries operating at much higher capacity, and perhaps even spur expansion in current refining capability. Furthermore, these types of O&G jobs are very well paying. For such a minimal amount of investment from the Fed, this should be a no-brainer. All they need to do is giver permission.