- Posted by admin on September 10th, 2012 filed in Uncategorized
GOP Nominee Mitt Romney announced he will create 12 million new jobs in his acceptance speech Thursday at the Republican National Convention in Tampa Bay, FL. How exactly will Romney achieve a job creation boom in four years? Here’s how:
- Fostering Increased Use of Domestic Energy
Romney understands that 85 of the world’s energy comes from the hydrocarbons oil, coal, and natural gas. The United States has enough of an untapped supply of hydrocarbons to become energy independent and that is the President’s goal. By allowing domestic energy production to increase will create a job boom. What many people do not realize is that the hydrocarbon energy sector has produced 150,000 patents which are 2.5X the number of patents in alternative energies. If the United States begins to tap into its unexplored reserves of hydrocarbon energies a new demand for private sector technology will increase to supply the means of obtaining that energy. The ripple effect of this alone cannot be underestimated. Currently, the United States funnels hundreds of billions of dollars overseas to purchase foreign energy. As the United States becomes more energy independent that money will stay in the country and get put to use building up our economy.