Oil And Gas Added $1.3 Trillion To The U.S. Economy In 2015
Oil and gas ventures in the United States supported 10.3 million jobs and added $1.3 trillion to the national economy in 2015, the year after the oil price crash, according to a new report by PricewaterhouseCoopers and the American Petroleum Institute (API).
Oklahoma, Wyoming, North Dakota, and Texas held the highest proportion of jobs directly related to the oil and gas supply chain. The industry’s operations supported 8.1 million jobs nationwide while its capital investment added 2.3 million jobs in 2015, the report read.
The report also lists the economic impact of the fossil fuel sectors by state, as compiled by local chapters of the API.
Written by Zainab Calbuttawala