Posted March 6, 2012
For the state of Virginia, the oil and natural gas industry currently means:
- More than 128,000 statewide jobs provided or supported – with an average salary of $57,281 for non-gas station oil and natural gas employees.
- $6.5 billion contributed to state labor income.
- $11.6 billion contributed to the state’s economy.
With sensible energy development and sound tax policies, here’s what the oil and natural gas industry could mean to Virginia:
- 3,606 additional jobs created by 2015
- 16,401 additional jobs created by 2020
- An average of $77.7 million of new, additional revenue generated by the industry directly to the state every year through 2030. That’s enough to cover more than half of Virginia’s general fund contribution for the University of Virginia every year, without using additional taxpayer dollars.
Energy works in Virginia, with the men and women of the oil and natural gas industry playing a critical role in that state’s economy. 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.