Energy Works in Florida

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:

  • More than 84,000 additional jobs created by 2015 and more than 131,000 additional jobs created by 2030.
  • An average of $1.3 billion of new, additional revenue to the state every year through 2030.

Let’s put that second figure in perspective: An additional $1.3 billion each year would be enough to cover three-quarters of Florida’s annual general fund contribution to every state public university – without using additional taxpayer dollars.

Energy works in Florida, with the men and women of the oil and natural gas industry playing a critical role in that state’s economy. See more, here.

Comments

Related

Blog Posts

Fear Mongering on Exports

Kevin Hall, of McClatchy, writes: “U.S. demand for oil and refined products - including gasoline - is down sharply from last ye...

Blog Posts

More on Fair Public Disclosure

Earlier this month we posted on the way a well-intended measure to foster transparency in U.S. oil and natural gas companies’ dealin...

Blog Posts

The Folly of Anti-Trade Thinking

In his State of the Union message last month, President Obama staked out the administration’s position on trade, citing new deals wi...

Blog Posts

The President’s Energy Tax Hikes: Expensing of Intang...

Yesterday, we discussed the president’s 2013 budget proposal to repeal the Section 199 manufacturer’s deduction for oil and natural...

Blog Posts

The President’s Energy Tax Hikes: Section 199 Deducti...

The president’s State of the Union address last month had lots of good stuff in it about domestic oil and natural gas production. Un...

Blog Posts

The President’s ‘Anti-Stimulus’

From the president’s remarks during Monday’s rollout of his 2013 budget: “The last thing we need is for Washington to stand in...

Stay Connected