Energy Tomorrow Blog

Deeper Dive: The Economic Lift of Oil and Natural Gas Development

jobs  upstream  midstream  downstream 

Mark Green
Posted September 5, 2013

More from the new IHS report on the economic impacts of U.S. unconventional oil and natural gas development – with a deeper focus on jobs.

We posted on the report's big numbers yesterday: IHS projects the full unconventional value chain – the oil and natural gas industry’s upstream, midstream and downstream sectors and energy-related chemical industries – could support 3.3 million jobs by 2020 and nearly 3.9 million by 2025. Energy from shale and other tight-rock formations supported 2.1 million jobs in 2012.

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Video: Industry’s ‘Downstream’ Keeps America on the Go

downstream  energy  fuel  refineries 

Mark Green
Posted April 11, 2013

Nice video below on the “downstream” folks of America’s oil and natural gas industry – the people who run refineries and deliver petroleum products across the U.S.

As the video says, these highly trained workers are the heart of the oil and natural gas industry.

They work in refineries, which support 540,000 good-paying jobs and contribute $268 billion to U.S. GDP, making fuels that literally run our economy and make modern mobility an afterthought for most of us.

 

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Keystone XL or the Climate – a False Choice

midstream  keystone xl pipeline  keystone xl  emissions  downstream 

Mark Green
Posted January 23, 2013

The governor of Nebraska’s approval of the Keystone XL pipeline’s route through his state has some opponents conjuring up old arguments and false choices in an attempt to gain traction against a project that could help create hundreds of thousands of U.S. jobs, stimulate economic activity and help make America more energy secure.

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Nebraska Clears Way for Keystone XL

keystone xl  keystone pipeline  jobs creation  energy policy  downstream 

Mark Green
Posted January 22, 2013

The decision by Nebraska’s governor to OK a new route through his state for the Keystone XL pipeline is based on a factual assessment of the project’s safety, as well as the economic benefits that would accrue.

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Earnings: A Mixed Bag

earnings  oil companies  oil company earnings  revenue  downstream  upstream 

Jane Van Ryan
Posted November 6, 2009

Eighteen oil and natural gas companies had reported their third quarter 2009 earnings as of yesterday afternoon, and the results have been a mixed bag. Companies that focus on oil and natural gas production--also called the upstream sector of the business--experienced a better financial quarter than large integrated companies that have both upstream and downstream operations--refining and marketing. The companies that fared worst are in the downstream portion of the business, and some of them actually lost money. 

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