Much has been written about the dramatic growth in the supply of domestic oil and gas that has turned American-made energy into our nation’s latest success story. The low price of these domestic energy resources has translated into billions of dollars of savings for the American consumer --- a “stimulus” provided by market forces rather than government. And according to a recent report from Citigroup, continued strength in domestic oil and gas exploration and production could generate 3.5 million new jobs over the next eight years while expanding GDP by as much as 3 percent. The unemployment rate would almost certainly be higher right now were it not for the job growth that has accompanied this domestic energy juggernaut.
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