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These are losses that California can not easily absorb.Despite all the hype about the ill-defined “green jobs” sector, the real growth engine remains fossil fuels, which have added a half-million jobs in the past five years.“I wouldn't subject my kids to that environment,” the Gulf Coast-based oilman suggested.What matters here is not the hurt feelings of energy executives, but a massive lost opportunity to create loads of desperately needed jobs, particularly for blue-collar workers.Tapping this source, notes a recent USC study, could bring as many as 500,000 new jobs to the state over the balance of this decade.
Houston now has more new office construction, some 9 million square feet, than any region in the country outside New York; Los Angeles barely has 1 million.
1 Texas, which has doubled its oil output in less than three years, and once-insignificant North Dakota.
Californians have made a decision, based on green theology, that we don't want to produce much of the stuff.
Not long ago, California was home to a host of top 10 energy firms – ARCO, Getty Oil, Union Oil, Oxy and Chevron; in 1970, oil firms constituted the five largest industrial companies in the state.
Now, only Chevron, which has been reducing its headcount in Northern California and is clearly shifting its emphasis to Texas, will remain.Last time I checked, I didn't see much in the way of a Solyndra, Fisker or other green-business headquarters being constructed anywhere in our Golden State. Chevron, once Standard Oil of California, has announced plans to construct a second tower for its downtown Houston campus, yet another signal of how that company is shifting emphasis from its roots in the Golden State to the Lone Star State.