Oil industry: Boost in energy could create 1M jobs - Newschannel 6 Now | Wichita Falls, TX

Oil industry: Boost in energy could create 1M jobs

      WASHINGTON (AP) - The oil industry says government policies to
increase domestic energy production could create up to a million
 jobs over the next seven years.
      In a new report, the American Petroleum Institute says proposals
to expand offshore oil drilling, boost production of natural gas
and build a Canada-to-Texas oil pipeline could boost the U.S.
economy.
      API President Jack Gerard says the group's proposals could
generate billions in new government revenue and help make the U.S.
less dependent on foreign energy sources.
      The API, the oil industry's largest lobbying group, is looking
to influence job-creation proposals after a bleak employment report
last week showed no net job growth in August. President Barack
Obama is set to deliver a speech on jobs Thursday to a joint
session of Congress.

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