The American Petroleum Institute engaged PwC to quantify the direct, indirect, and induced impacts of the US oil and natural gas industry in terms of employment, labor income, and value added. This report provides PwC's preliminary estimates of the US oil and natural gas industry's national economic impacts in 2011. The impact estimates are based on the industry's 2011 employment and capital expenditures, but rely on economic multipliers for 2010, the latest year for which multipliers are currently available from the IMPLAN modeling system.
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