Paul Krugman: “Natural Born Liar”

By | March 19, 2012

Paul Krugman, he of the once-great N.Y. Times recently penned the article  Natural Born Drillers , in which he makes completely outlandishly false claims about the number of jobs created by the oil and gas industry, to go along with his usual fallacy-floundering Liberal propaganda punditry. Mr. Krugman finished up his latest ( and already discredited) propaganda piece with the following lines: (emphasis added)

“The rest of the answer is simply the fact that conservatives have no other job-creation ideas to offer.  And intellectual bankruptcy, I’m sorry to say, is a problem that no amount of drilling and fracking can solve.”

Speaking of blatant intellectual bankruptcy, here is a great example of it, pulled right from Krugman’s latest puff-piece masquerading as holier-than-thou opinion-speak from the great Liberal “Doctor of Propaganda” of the N.Y. Times:  “Employment in oil and gas extraction has risen more than 50 percent since the middle of the last decade, but that amounts to only 70,000 jobs, around one-twentieth of 1 percent of total U.S. employment. So the idea that drill, baby, drill can cure our jobs deficit is basically a joke.”

A person would in fact, have to be worse than intellectually bankrupt to print that piece of propaganda right there, when we look at these facts from Steve Maley:

  Indeed, the industry subsector called “Oil and Gas Extraction: NAICS 211″, (part of the Mining, Quarrying, and Oil and Gas Extraction sector) shows the gain in jobs he describes, from roughly 120,000 jobs in 2004 to about 190,000 now. And he apparently stopped there.  190,000 jobs? Doesn’t that seem kinda low for an industry that comprises 8% or so of the economy?

Well, of course it is, because lots of oil industry jobs are counted in other categories. Most notably, the related subsector “Support Activities for Mining: NAICS 213″.

In NAICS 211, you find geologists, draftsmen and petroleum engineers like me, employed directly by the oil companies. NAICS 213 contains people that work for the “service companies” who work for the oil companies. These companies would include Halliburton, Transocean and Schlumberger, the companies that drill, frack, service and equip the wells. Job titles include roughnecks, roustabouts and service pump operators.

NAICS 213 is twice as big as NAICS 211: 379,100 at last count. NAICS 213 is where you find the really explosive job growth: nearly 200,000 jobs since 2004, including almost 70,000 just in the last year.

Mr. Maley is a petroleum engineer, unlike “Dr. Krugman” who, as far as anyone can prove, has never worked a day in his life, let alone worked anywhere in the energy industry. (other than trying to pass his intellectually bankrupt propaganda-punditry onto the uninformed citizenry of America under the guise of journalism)

Of course Krugman also uses his latest propaganda piece to bash Republicans for wanting to drill baby drill, by trying to make the already discredited statement that, “More and more, Republicans are telling us that gasoline would be cheap and jobs plentiful if only we would stop protecting the environment and let energy companies do whatever they want.”  Krugman makes the jaw-dropping straw man argument of implying that oil and gas companies are not regulated at all and can just “do what they want” to supposedly ruin the environment.  Colorado alone just mandated a whole slew of new rules and regulations for oil and gas extraction and environmental protection. The Marcellus Shale Corporation  exposed the ludicrous “end of pipe” water quality mandates in Pennsylvania as follows:  “There is not a single water treatment facility in Pennsylvania that could meet this unreasonable benchmark, which will not provide any additional environmental benefit.” North Dakota also has new oil regulations starting April 1st of this year. Does that information in any way point to an oil and gas industry that, as Krugman states, would “let energy companies do whatever they want?” No it doesn’t.

When it comes to actually reporting the facts, Mr. Krugman falls way short of anything even remotely connected to the truth, as we can see in his latest opinion piece claiming that oil and gas extraction of the “middle ” of the past decade has only resulted in 70,000 jobs. Krugman’s propaganda runs parallel to Obama’s recent campaign speeches in which the misinformation about oil and gas industry job creation runs rampant, as is also proven here:

A booming U.S. oil and gas sector was responsible for generating some 9 percent of all new jobs last year, with three indirect jobs for every one directly involved in the industry, a study released on Wednesday found. The report said the oil and gas industry contributed 37,000 direct jobs in 2011, which led to the creation of an additional 111,000 indirect jobs during the same period. It said the multiplier effect for solar and wind energy were lower during operation, but higher at up to 3.3 times during construction.

The U.S. oil and gas industry added 148,000 jobs in 2011 alone Mr. Krugman, which debunks your very simplistic cherry-picking of statistics from the “middle of the last decade” statistical usage to make the false-flag argument about future oil and gas industry job creation that you used in your now debunked Natural Born Drillers article. Man, these Liberals posing as intellectual academics are shameless in their neanderthalic attempts at parroting blatant lies posing as the truth today, and Mr. Krugman is obviously no exception.

 

 

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