Posted March 3, 2017
Posted August 4, 2016
Part of industry’s commitment to the country and its future growth and prosperity is supporting the educational needs of the next-generation workforce that will bring that future to life.
With experts saying much of that growth and prosperity – as well as the accompanying careers – will be built on a foundation of science, technology, engineering and math (STEM) education, a major part of industry’s outreach is focused on developing students’ interest in these topics as early as possible.
Posted April 2, 2015
Posted January 22, 2015
The Bakken Magazine: “Do not pass Go. Do not collect $200.”
This is the dreaded phrase on the “Go to Jail Card” that you’ve likely drawn, or at least heard of, when playing the game of Monopoly. Drawing this card is an all-around bummer. You lose a chance at scooping up valuable property before others do, you don’t get to collect $200 that you might need to purchase property, and it increases the chance that you lose the game. But at least it’s just a game. Right?
Wrong. What many people probably don’t realize is that we’re in a real-life game similar to Monopoly, but this one is focused on the global oil market, not property. And, it just so happens that we’re stuck holding the “Do not pass Go” card.
Posted September 25, 2014
Observer-Reporter: For nearly an hour, Stephen Moore expended a lot of energy speaking about energy and the economy – and their inextricable link.
“You cannot understand economics unless you understand energy,” he said in his opening. “The industry is carrying the rest of the U.S. on its shoulders. Without the energy boom going on, there would be no economic recovery at all.”
Moore is a chief economist for the Heritage Foundation, a conservative research think tank from Washington, D.C. And his thoughts made an audience in the hundreds think Tuesday morning, as Shale Insight 2014 kicked off its two-day conference at the David L. Lawrence Convention Center.
This is the fourth annual Insight, and first conducted outside Philadelphia. It is organized by North Fayette Township-based Marcellus Shale Coalition, which supports oil and gas exploration companies and their supply chain partners in Marcellus Shale, the world’s largest natural gas deposit.
Posted September 18, 2014
America’s oil and natural gas industry supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. Industry’s extensive network of 30,000 vendors, suppliers, and contractors create and support jobs and grow the economy in every state in the union and almost every congressional district.
What this speaks to is the unprecedented opportunity created by America’s 21st century energy renaissance, which is a direct result of technical advances in the U.S. oil and natural gas industry. If we seize this moment in our history and work together on energy policies that promote the safe and responsible development of our nation’s enormous energy resources, our industry will not only create and support millions of well-paying jobs far into the future, but also make America a global energy superpower for generations.
Posted June 12, 2014
API has a new website – Oilgasworkforce.com – launched to help meet the twin challenges of attracting the workers needed to sustain and grow America’s energy revolution, as well as provide the next generation of employees to replace those who will be retiring in the next few years.
The new website is an easy-to-use portal for those interested in industry-related jobs, training and more – offered in both English and Spanish versions. John Modine, vice president of Global Industry Services, discussed the site during a conference call with reporters:
“Not only are there tremendous opportunities brought about by shale development, the oil and gas industry is at the beginning of what insiders are calling the ‘great crew change,’ where a new generation of employees is needed to replace a huge retiring workforce. … The bottom line is that in order to maintain America’s status as a global energy leader, we will need an ‘all hands on deck’ approach to recruitment and retention of the next generation of oil and natural gas workers, which is the fundamental goal of www.oilgasworkforce.com.”
Posted April 25, 2014
Reuters: Call it the comeback kid.
A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward wage pressure.
Posted April 25, 2014
A couple of the main points in API President and CEO Jack Gerard’s speech to the STEM Solutions National Leadership Conference in Washington this week:
- America’s oil and natural gas industry offers the careers to attract motivated science, technology, engineering and math graduates – and it needs them.
- Industry’s dynamic job-creating ability must be sustained through strategies and policies that allow it to continue to be a global energy leader.
Kudos to U.S. News & World Report for hosting the conference that attracted so many bright young people – including one of the youngest people to visit the North and South Pole and a teen-ager who developed an early detection test for pancreatic cancer. Gerard used the opportunity to underscore the oil and natural gas industry’s need for science and technology workers.
Posted February 27, 2014
Four Charts Show How Impressive the Shale Energy Boom Is
U.S. Chamber Blog: How important has the shale energy boom been to jobs and the economy? Very important. Mark Mills of the Manhattan Institute writes in a new report that the oil and natural gas sector has “provided a greater single boost to the U.S. economy than any other sector.” He adds:
The $300–$400 billion overall annual economic gain from the oil & gas boom has been greater than the average annual GDP growth of $200–$300 billion in recent years—in other words, the economy would have continued in recession if it were not for the unplanned expansion of the oil & gas sector.
On jobs, Mills found impressive growth nationwide as well as in states experiencing the shale boom up close and personal.
These four charts from Mills’ report show how the shale energy boom has been the job creation story of our economic recovery.