Oil and Natural Gas Stimulate American Economic and Job Growth
America’s Oil and Natural Gas Economy
This report presents the findings of a 2014 survey of U.S. businesses that constitute America’s domestic oil and natural gas supply chain. The survey was undertaken by the American Petroleum Institute (API), the only national trade association that represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process, and distribute most of the nation’s energy. Included in the survey are companies that provide goods and services for onshore oil and natural gas development, whether as operators, contractors, service companies, suppliers, or other vendors.
Over the past decade, America has undergone a major energy revolution, rapidly shifting from an era of energy scarcity to an era of energy abundance. Advances in the proven process of hydraulic fracturing—or “fracking”— in conjunction with horizontal drilling have allowed the United States to emerge as the number one producer of natural gas in the world. By 2015, America is also projected to become the world’s number one producer of oil.
The industry contributes $1,209 billion to the nation's economy.
9,833,200 national jobs are supported by the natural gas & oil industry.
See the interactive U.S.A. map below to get specific economic and jobs information from each of the 50 states and the District of Columbia.
The industry contributes amount billion to the economy of statename.
number statename jobs are supported by the natural gas & oil industry.
- District of Columbia
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina