Energy Works for America
The economic benefits from America’s oil and natural gas industry are vast and undeniable, in 2011 the industry supported more than 9.8 million jobs, 600,000 more jobs than it supported just two years earlier. Oil and natural gas industry operations supported 8.4 million full- and part-time jobs nationally, while its capital investment supported another 1.4 million jobs. These jobs generated $597.6 billion in associated labor income — including wages, salaries, benefits and proprietors’ income, and contributed $1.2 trillion in added value in the economy.
When America’s energy industry thrives, our country thrives. Energy growth equals economic growth. Today we face a far different energy future than was imaginable just a few years ago. An energy future in which the U.S. is the world’s largest producer of natural gas and could soon be the largest producer of crude oil.
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