Column: Oil and gas jobs await

August 29, 2017

It's been a summer of good energy news for American consumers: Memorial Day gas prices averaging $2.36 and Independence Day gas prices at 12-year lows. Americans have been hitting the road in record numbers this summer, reaping the benefits of the U.S. energy revolution.

Just in time for Labor Day, a new report keeps the good news coming - confirming, fittingly, that the U.S. natural gas and oil industry is a blockbuster job creator. The report from consulting firm PwC reveals that the industry supports 10.3 million U.S. jobs - up from 9.8 million in 2011.

It takes an extensive, multi-industry network to produce and deliver the energy American families and businesses need - including not just exploration, production and refining, but pipeline construction, transportation and thousands of businesses that provide service and supplies for all those activities and more.

Add it all up, and natural gas and oil support an additional 2.7 jobs for every direct job in the industry, adding $1.3 trillion to the U.S. economy and generating more than $714 billion - or 6.7 percent - of total U.S. labor income.

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