Joe Hilton Boca Raton: US Oil and Gas Fuel America's Widespread Economy

Online, August 30, 2012 (Newswire.com) - Despite criticisms from energy analysts and politicians, new information highlighted in a recent U.S. News and World Report article showcases the oil and gas industry as one making major contributions to the American economy. Owner and President of Pacific-Northwestern Energy, Joe Hilton of Boca Raton notes that more citizens and officials should analyze this information and provide further support to the industry, as a whole, to ensure continued growth. While investment, job creation and tax contribution rates for the 2011 oil and gas industry reveal promise, the article suggests that under certain political circumstances, these figures could become statistics of the past and cause the industry to plummet.

The article makes an argument against Obama's proposal for adding funds to alternative energy initiatives. It states that this approach is "counterproductive" as "the American energy industry, including oil, gas, and coal, is and must continue to be an indispensable foundation for our economy." The article includes an infographic that shows the impact the oil and gas industry made, as a whole, in 2011. Joe Hilton, Boca Raton oil and gas expert, notes that these statistics may shock many consumers who have had misperceptions about how successful the industry is.

The infographic states that during that year, the industry created approximately 37,000 direct jobs and 111,000 indirect jobs. In addition, it states, "Oil and gas is taxed at an average rate of more than 41 percent - far beyond the 26.5 percent average for the rest of the S&P industrial index. In 2011, the industry's tax burden amounted to $95.4B for the year."

Joe Hilton comments that many analysts have criticized the oil and gas industry for lack of tax contribution, but these new figures suggest otherwise. Despite these numbers, the article states, "[Energy] companies are continuously targeted by politicians who seek to impose even higher taxes at all levels, more constrictive regulatory regimes and more barriers to domestic oil and gas production offshore and onshore." It is for these reasons that Joe Hilton believes more Americans should show support for the industry, in order to help it overcome such obstacles. Having firsthand experience with the potential of the market, he concludes, "Job growth in America is created by private sector oil corporations that create jobs and gives people hope."

ABOUT:

Joe Hilton of Boca Raton , Florida, is the Owner and President of Pacific-Northwestern Energy. He leads corporate offices at the Deerfield Beach location, where he puts his expertise regarding oil and natural gas drilling to work in expanding domestic oil production. Currently, Joe Hilton, of Boca Raton, Florida, is pursuing the Rock Castle drilling initiative. Through his work, Joe Hilton, from Boca Raton, expresses his entrepreneurial spirit by participating in several ventures. Some of his previous enterprises include United States Livestock and Quantum Seminars.

To learn more about the work of Joe Hilton, of Boca Raton, and Pacific-Northwestern Energy, visit pacific-northwestern.com.