"For the economic impact estimates, there are uncertainties surrounding the economic multipliers. The BEA multipliers used here are based upon input-output analysis that assumes fixed prices and no substitution between factor inputs. In reality, prices and factor intensities shift with economic shocks. Moreover, people move across state lines as employment opportunities ebb and flow. Another approach to economic impact analysis is to econometrically estimate multipliers from historical data, such as the study by Freyer and Mansur (2017). The results of this estimation are presented in Appendix B."

I just read the state-commissioned drilling-ban impact report by a professor from University of Wyoming (he is a leading energy economist). His data is all good and it looks normal. But, his association to how this is bad for all states that prioritize oil drilling because it will cause a loss in taxes and jobs is clearly only accounting for oil & gas industry. In fact the entire report does. All other markets and their forecasting are ignored. So, no shit there will be losses from eliminating this industry.

There is also the other side of the coin.. replacement industries, this can cause the region to prioritize education for advanced technical jobs in green technology, green energy, and green manufacturing. This allows room for those industries to put the foot in the door and get investor backing since oil no longer would have access to public lands and market control. Next will probably be increased regulation on energy production, because that has gone to shit too.

Lead and win.. or do the same and go insane.