Energy Producing States Bounce Back From Recession Faster

Energy-producing states have been able to bounce back faster and more successfully from the 2009 recession than states that import a majority of their energy, according to new research from a group aligned with Republicans.

The American Action Forum found energy-producing states that have been able to leverage the U.S. energy boom have double the rate of income growth of energy importers.

The report also found states that are energy producers have more than double the rate of job growth than states importing energy.

North Dakota, Pennsylvania and Texas are among the states that were able to bounce back quickly given their energy production.

American Action Forum looked at a 10 “major” energy importers for the study, including California, Florida, Nevada, Ohio and Georgia.

According to data from the bureaus of Economic Analysis and Labor Statistics, recovery from the recession in the largest energy producing-states has “greatly outpaced” the recovery in states importing energy.

http://thehill.com/policy/energy-environment/221497-report-energy-producing-states-fared-better-after-recession

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