Friday, July 22, 2011

Preventing economic recovery

In my post on Monday, I described how the energy sector has helped Texas and North Dakota have much stronger recoveries than the rest of the country. I also noted that some other states might benefit from the high energy prices that are hurting the rest of us. Expansion of energy exploration and extraction in those states also would push energy prices down. It looks like the Obama administration is going to make sure this doesn't happen.