The People of America's Oil and Natural Gas Indusry

Digital Resources

Economic Consequences of Delaying Keystone XL

Oil sands development in Canada supports a broad array of jobs in the United States. A recently released Canadian Energy Research Institute (CERI) study estimated that oil sands projects are currently supporting over 80,000 U.S. jobs. However, current export pipeline capacity from Canada to the U.S. is approaching capacity. Delays in permitting the Keystone XL pipeline delay the start of additional oil sands projects in Canada. CERI estimates that new projects facilitated by the Keystone XL pipeline could support over 10,000 jobs in the U.S. in 2012, 27,000 jobs in 2013, and 34,000 jobs in 2014.

The Key to Retirement Security

Millions of Americans own 75 percent of oil and natural gas company shares, so more domestic production could produce more financial security.

Let's Unlock Domestic Energy to Grow New Jersey's Economy

Energy is vital to growing jobs and economic opportunity right here in New Jersey. The good news? America has plentiful natural gas and oil resources right here, and with proven technologies, we can unlock valuable energy resources while protecting the environment. Natural gas holds unique promise. Experts estimate there is a 100-­year domestic supply of this clean-­burning fuel ready to be put to work in transportation, manufacturing, electricity generation and many other uses. Here in New Jersey, a reliable supply of domestic natural gas could support new jobs and economic growth, from supplying energy for manufacturing to feedstocks for our state’s world-­leading pharmaceutical industry. Plus, roughly two-­thirds of New Jersey households rely on natural gas as their primary source of home heating.* It’s time to unlock our domestic resources and put them to work for New Jersey –and America.

U.S. Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis -- Briefing Paper

A briefing paper based on the June 2010 study by Quest Offshore Resources, Inc. (Quest), drawing on its proprietary database of suppliers of capital equipment and intermediate goods to Gulf of Mexico oil and natural gas operations, is able to bring primary data to bear on the issues of importance to this study. The oil and natural gas industry activity supports employment across a wide swath of industries in manufacturing and services, including oil and natural gas machinery, air and marine transport, legal and insurance services. This report builds out the entire value chain of oil and natural gas development and production in the Gulf of Mexico. It quantifies the capital investment and purchases of intermediate goods undertaken by the oil and natural gas industry, identifies linkages to supplying industries, and estimates both job creation and contribution to GDP associated with oil and natural gas development. A unique feature and strength of this study is the primary nature of the capital investment and spending data.

U.S. Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis

The offshore oil and natural gas industry is instrumental to the United States both from an energy supply perspective and due to its contribution to U.S. GDP and job creation. In 2010, over 30 percent of the oil and 11 percent of the natural gas produced in the United States was produced in the Gulf of Mexico (GoM). This production is crucial to U.S. energy security. In addition, capital investment and purchases of intermediate inputs of the oil and natural gas industry stimulate its entire value chain and ripple through many sectors of the economy, creating jobs, contributing to GDP and generating tax revenue at all levels of government. Oil and natural gas industry activity supports employment across a wide swath of industries in manufacturing and services, including oil and natural gas machinery, air and marine transport, legal and insurance services. This report builds out the entire value chain of oil and natural gas development and production in the Gulf of Mexico. It quantifies the capital investment and purchases of intermediate goods undertaken by the oil and natural gas industry, identifies linkages to supplying industries, and estimates both job creation and contribution to GDP associated with oil and natural gas development. A unique feature and strength of this study is the primary nature of the capital investment and spending data. Quest Offshore Resources, Inc. (Quest), drawing on its proprietary database of suppliers of capital equipment and intermediate goods to Gulf of Mexico oil and natural gas operations, is able to bring primary data to bear on the issues of importance to this study.

TV: More Domestic Energy Production, NOT More Energy Taxes

http://energytomorrow.org America's economy needs more jobs and more energy, not more energy taxes. President Obama's plan to tax America's oil and natural gas industry could cost 170,000 jobs and reduce government revenue by $128 billion. On the other hand, increasing access to domestic energy sources could create 530,000 jobs and generate $194 billion in new government revenue. For more information, visit http://energytomorrow.org.

Washington's Budget Choice

Higher oil and natural gas industry taxes could reduce government revenue, cost jobs and cut domestic production.

An Assessment of the Impacts of Increased Access versus Higher Taxes on U.S. Oil and Natura

API has commissioned Wood Mackenzie to undertake a study which examines the implications of increasing exploration and development access in five key US regions currently closed to development. The five key regions are the Eastern Gulf of Mexico, portions of the Rocky Mountains, ANWR, and the Atlantic and Pacific Outer Continental Shelf (OCS). Additionally, Wood Mackenzie has contrasted this ‘Access’ study with an analysis of the potential threat to production and jobs associated with increasing taxation on the oil and gas industry at a rate of $5 billion per year, which was less than the amount that was considered by the US Congress and Administration in 2010. The taxes were applied on both an income and production basis so as to capture the impacts of the slate of proposed taxes put forward by the Administration in 2010.

West Virginia: The Financial Contribution of Oil and Natural Gas Company Investments To Maj

This report examines the financial impact of investments in oil and natural gas companies on the overall performance of the two largest public employee pension funds in each of seventeen states. Total Assets, Oil and Natural Gas Assets, and Returns on Those Assets, The data show these investments sharply out-performed the funds’ other assets. From 2005 to 2009, spanning both vigorous expansion and deep recession, the share of the funds’ returns attributable to oil and natural gas investments in West Virginia was 5.2 times greater than their share of those funds’ assets.

South Carolina: The Financial Contribution of Oil and Natural Gas Company Investments To Ma

This report examines the financial impact of investments in oil and natural gas companies on the overall performance of the two largest public employee pension funds in each of seventeen states. Total Assets, Oil and Natural Gas Assets, and Returns on Those Assets, The data show these investments sharply out-performed the funds’ other assets. From 2005 to 2009, spanning both vigorous expansion and deep recession, the share of the funds’ returns attributable to oil and natural gas investments in South Carolina was 10.4 times greater than their share of those funds’ assets.