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Tuesday, May 21, 2013

John Hofmeister doesn’t call it ‘peak oil,’

John Hofmeister doesn't call it 'peak oil,' instead he calls it the 'energy abyss,' the point at which the global economy ceases to grow because the oil industry can no longer meet demand. Read about John Hofmeister's assessment:

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Employment opportunities for horizontal drilling in Oklahoma is massive. Oklahoma is all about oil and natural gas. Unemployment rate is way below than national average, and it’s because of this industry. Nearly one-quarter of all jobs in Oklahoma are tied to the energy industry. A recent research of the Oklahoma Energy Resources Board shows us the oil and gas industry was responsible for pouring more then $51 million into the state's economy and created jobs for over 300,000 people.

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