Posted July 1, 2015
The energy choices we make in every state individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added. As we continue our state series focusing on how energy impacts each of the 50 states, today’s data comes from Colorado.
The top-line numbers: 213,100 jobs supported statewide, according to PwC; $25 billion added to the state economy and $14.1 billion contributed to the state’s labor income. All are significant drivers for the state’s economy.
Page 2 of the document highlights the economic benefits resulting from new advances in U.S. energy production and how they are boosting revenues and making a huge difference for local school districts and other government offices.
Energy is critically important to Colorado, serving as a key engine for the state economy – expanding job opportunities and offering the hope of prosperity to individual Coloradoans and their families.
The future benefits of energy for Colorado – and the rest of the country – largely depend on national decisions on the country’s energy path. A new Wood Mackenzie study contrasts the benefits that a set of pro-development policies could have on energy supplies, jobs, the economy and American households with the likely negative effects on energy of regulatory constrained policies. The key comparisons are found on the first page of the linked document.
Energy is essential for all facets of our daily lives, from powering national, state and local economies to powering the family vehicle. Safe, responsible development of domestic oil and natural gas resources is linked to individual prosperity, energy security and basic liberties.
ABOUT THE AUTHOR
Reid Porter is a spokesman for the American Petroleum Institute. Before joining API, he worked as Account Supervisor at Edelman. Porter double majored in English Literature and the Spanish language at Middlebury College in Vermont. He enjoys traveling, cheering for the Green Bay Packers, soccer, rereading Hemingway novels and spending time with family.