Posted February 6, 2012
Here’s what the oil and natural gas industry currently means to the state of Colorado:
- $20.5 billion contributed to the economy.
- $10.2 billion contributed to labor income.
- More than 161,000 jobs provided or supported by the industry – with an average salary for non-gas station oil and natural gas employees of nearly $98,000.
Sound good? This is better – with smart energy development and the right tax policies, the industry could mean this for Colorado:
- An additional 61,131 jobs created by 2015 and 88,283 by 2020.
- An average of $233 million in new, additional revenue for the state, generated by the industry every year through 2030.
That’s enough to pay for the state’s general fund contribution to the operating budgets of 12 of 22 departments every year – without using additional taxpayer dollars.
Energy works in Colorado, with the men and women of the oil and natural gas industry playing critical roles. See more, here.
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.