Over the next couple of weeks, oil and natural gas companies will be releasing their fourth quarter and 2010 year-end performance reports. While a lot of attention will be focused on the numbers, some perspective is needed to better understand the size of the industry, how the industry's earnings compare to other industries, where the money is going, and who benefits.
The oil and natural gas industry is one of America's largest industries. It has to be to effectively compete for global energy resources. The industry's earnings make possible the huge investment necessary to help ensure America has the energy we need to heat our homes, get to work, transport our goods and make all our lives better. The earnings allow companies to reinvest in the facilities, infrastructure and new technologie... more »