Breitling Oil and Gas Texas and California Morning Podcast #311

Last month, President Obama visited Austin, Texas to tout middle-class job creation.

He spoke at Applied Materials , one of four companies receiving funds from the $120 million project headed up by the Department of Energy to advance “next generation battery and energy storage technologies for electric and hybrid cars.”

Despite a $16.8 trillion deficit, the White House wants to spend an additional $1 billion on such federal jobs initiatives.

But if Obama was really attuned to job creation, he should have been shaking hands and pumping his fist at the annual Offshore Technology Conference in Houston where hundreds of oil and natural gas firms from around the world were sharing their latest technology—and looking for workers. Attendance of 105,000 was a 30-year high.  No one was pitching the needs for federal hand outs.

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