• Overall US employment has yet to return to its prerecession level, but the number of oil and gas jobs has grown 40% since then.I wonder how all the billions of government dollars spent in developing "green jobs" has worked out in comparison?
• In the 10 states at the epicenter of oil and gas growth, overall statewide employment gains have greatly outpaced the national average.
• A broad array of small and midsize oil and gas firms are propelling record economic and jobs gains—not just in the oil fields but across the economy.
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• The shale revolution has been the nation's biggest single creator of solid, middle-class jobs—throughout the economy, from construction to services to information technology.
• Nearly 1 million Americans work directly in the oil and gas industry, and a total of 10 million jobs are associated with that industry.
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• America's oil and gas boom has added $300–400 billion/year to the economy; without this contribution, GDP growth would have been negative, and the nation would have continued to be in recession.
"We must be ready to dare all for our country. For history does not long entrust the care of freedom to the weak or the timid. We must acquire proficiency in defense and display stamina in purpose." - President Eisenhower, First Inaugural Address
Unrep
Wednesday, March 12, 2014
U.S. Oil and Gas: Keeping the U.S. Economy Afloat?
The Oil and Gas Journal says, "Study notes boosts from US drilling boom":
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