The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

economic-impacts  jobs-creation  drilling  oil-and-natural-gas-development  cost-of-energy 

Mark Green

Mark Green
Posted December 23, 2013

Every now and then we see items questioning the economic impact of domestic oil and natural gas development from a jobs standpoint. As we’ve pointed out, industry’s benefit to the country isn’t measured just in direct oil and natural gas employment. Its positive impact must be seen in jobs and economic activity that otherwise wouldn’t exist, as well as benefits to consumers. More supporting evidence:

Investment – A new API survey on drilling costs found that about $153.7 billion was invested in drilling in 2012, a 23.1 percent increase over 2011.

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