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Energy Tomorrow Blog

Energy Works in Florida

taxes  florida  energy works 

Mark Green

Mark Green
Posted January 27, 2012

Here’s what the oil and natural gas industry currently means to the state of Florida:

  • More than $18 billion contributed to the economy.
  • More than $10 billion contributed to labor income.
  • More than 230,000 jobs provided or supported by the industry, with an average salary for non-gas station oil and natural gas employees of $61,388.

Even better – here’s what the oil and natural gas industry could mean to Florida with sensible energy development and sound tax policies:

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Just The Facts: No Targeted Oil & Gas Tax Credits

taxes  subsidies  oil and natural gas industry  energy taxes 

Mark Green

Mark Green
Posted January 27, 2012

One of the most important things to know about producing oil on federal lands is that it takes time. Lots of it. As this chart developed by API illustrates, it’s up to a decade from the time a lease is won at auction to the first actual production of oil. If you include pre-lease sale studies and evaluation, which have to be done before companies bid on federal leases, that’s a couple more years.

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