State of American Energy

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.  Here is the full report.

With a newly-elected Congress and a president beginning his second term, we are standing on the threshold of a new year – one that presents tremendous opportunities to move forward on building our economy and creating jobs for Americans who are looking for work. The oil and natural gas industry has been a bright spot in the last few years of sluggish economic growth and listless job creation … and we are ready to do more.

America runs on energy. Every moment of every day, energy is required for Americans to maintain their daily lives, and the majority of that energy is supplied by oil and natural gas. Oil and natural gas are integral to all aspects of the U.S. economy—and America’s economic recovery—as the success of any modern economy is dependent on reliable and affordable energy. Over the last 100 years, and well into the foreseeable future, oil and natural gas have and will continue to provide the energy America needs to succeed.

See the new SOAE report on your iPad.