Republican frontrunner Donald Trump has made quite the election prediction when he claimed that if he can garner at least 25 percent of the African-American vote, he’ll easily beat whoever the Democrats throw at him in the general election. To up the ante, Trump boldly stated at a Myrtle Beach rally, “I will do more for the African American people in one year than Barack Obama has done in his seven years – soon to be eight years – and then by the way, he’s out and thank goodness, ok?”
As reported by Alex Swoyer of the Breitbart.com news portal on Feb. 19, 2016, the businessman multi-billionaire doubled down when he placed the blame of sky high black unemployment directly at the feet of Barack Obama. Trump cited that blacks between the ages of 24 and 40 have a high unemployment rate and it’s “gotten worse since [Obama’s] been president.”
“They know jobs are going to come,” Trump said of African Americans who support him. “They get it.”
While Trump also has a history of pointing out that our Saudi Arabian allies pull in between $500,000 to $1 million per day in oil revenues, Trump’s secret weapon for a new jobs boom could be under his very feet. With the United States sitting atop a veritable ocean of oil, Breitbart news recently made note that the US could very well may have more in oil reserves in the ground than the Saudis.
As Breitbart.com cited numbers only on oil reserves. If the other two major fossil fuels of natural gas and coal are factored into the equation, the United States has the wherewithal to become an energy mega-powerhouse that easily could go toe-to-toe with either OPEC or the Russians. That is, of course, if the United States could ever muster the political will to do so.
Natural gas and crude oil shale plays (fields) along with coal fields in the lower 48 states, if all exploited, could see millions of new jobs produced. While the primary employment would be at the shale plays and new coal fields themselves, secondary and tertiary jobs would quickly go through the roof.
A figurative army would be employed to build housing and roads, as well as the sales of clothing, groceries, household appliances, automobiles, etc, would also increase as employment for energy workers increase. Needless to say, factory orders for everything from oil well drill bits to oil pipelines, from grass seed to air conditioners would also see a huge upswing.
However, the leadership of the United States is still importing petroleum products, and some of the countries would be a bit of a shocker to the average working American. According to the federal government’s US Energy Information Administration, the nation routinely imports billions of gallons of petroleum products ranging from crude oil to motor gasoline blending components.
In 2014 alone, the US imported from Saudi Arabia a total of 425,769 barrels of petroleum products. With one barrel equaling 42 gallons, the United States actually imported nearly 18 billion (17,882,298,000) gallons of crude from the Royal House of Saud.
According to the same government figures, in 2014 the United States imported 1,181,458,000 barrels of oil from the OPEC nations alone. That equals almost 50 billion (49,621,236,000) gallons of product.
What most American’s don’t realize is that rather than allowing business to employ untold numbers of Americans to work in the petro-chemical industry, the government has trade deals in place with scores of nations where we import petroleum products from them rather than us exporting to them.
As cited by the US Energy Information Administration, who from and how much petroleum product we import from is cited in the following short sample (during 2014, in barrels):
- Albania: 490,000
- China: 2,088,000
- Ecuador: 78,413,000
- Ireland: 3,084,000
- Russia: 120,345,000
- Vietnam: 3,743,000