The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

100-days  air-pollution  air-quality  economic-impacts  job-growth  ozone-standards  regulations  wyoming 

Mark Green

Mark Green
Posted April 21, 2017

We’ve argued before that more restrictive ozone standards imposed by EPA in late 2015 were unnecessary, because ambient ozone levels were declining under the 2008 standards.

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analysis  gulf-of-mexico  center-for-offshore-safety  offshore-safety  offshore-operations  industry-standards  bop34  bsee  job-growth 

Mark Green

Mark Green
Posted September 14, 2015

Safe, responsible energy development in the Gulf of Mexico is vital to the U.S. economy and job growth, as well as U.S. energy and national security. Each of these points likely will come up during a U.S. House Natural Resources Committee hearing on the impact of federal policies on energy production and economic growth in the Gulf, Tuesday in New Orleans.

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canada  oil-sands  job-growth  economic-benefits  exports  oil-and-natural-gas  keystone-xl-pipeline 

Mark Green

Mark Green
Posted November 11, 2014

America’s trading relationship with Canada is key to U.S. energy security but also to the U.S. economy, as discussed in this recent post.

Some numbers from the International Trade Administration (ITA) help make a couple of finer points. First, while the United States imports more crude oil from Canada than any other country, our goods exports to Canada supported nearly 1.3 million jobs here in 2013 – and that number is on the rise. Second, U.S. oil and natural gas sector goods exports account for more than half of the growth in overall jobs supported by goods exports to Canada from 2010 to 2013 – and that number also is increasing.

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job-growth  oil-and-natural-gas-development  oil-and-natural-gas-investments  shale-energy  keystone-xl-pipeline  infrastructure 

Mark Green

Mark Green
Posted May 2, 2014

The number of direct jobs in oil and natural gas extraction has grown 7.2 percent since April last year, more than four times the growth rate in all U.S. jobs, according to BLS. The word for that kind of growth – in the midst of an economy still trying to heat up – is wow!

Now, keep in mind that the BLS data line for “oil and gas extraction” covers only part of industry’s upstream (pre-refining) segment. Scroll down a few lines in this BLS table to find direct jobs supporting oil and natural gas operations – such as building and dismantling field rigs, core drilling services, hydraulic fracturing services and much more – and you see dynamic growth there as well, 6.3 percent from April last year through March, the most recent data month available. Wow again.

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oil-and-natural-gas-development  job-growth  economic-growth  hydraulic-fracturing  horizontal-drilling  shale-energy  investment 

Mark Green

Mark Green
Posted February 25, 2014

The energy industry is working for America. A new Manhattan Institute report finds that in the slowly recovering U.S. economy the oil and natural gas industry is creating jobs and generating broad economic stimulus. Top findings:

  • While overall U.S. employment has yet to return levels predating the 2008 recession, the number of oil and natural gas jobs has grown 40 percent since then.
  • The U.S. energy revolution is almost entirely the result of development by more than 20,000 small and midsize businesses. The typical oil and natural gas firm has fewer than 15 employees.
  • Industry jobs are geographically dispersed. Sixteen states have more than 150,000 jobs in the oil and natural gas sector.

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job-creation  job-growth  wages  oil-and-natural-gas-development  bakken-shale  north-dakota 

Mark Green

Mark Green
Posted December 6, 2013

Say Anything Blog’s Rob Port has a suggestion for workers in different parts of the country who are dissatisfied with how much they’re earning in their present jobs: Come to North Dakota.

As Port and economics/energy blogger Mark J. Perry point out, North Dakota’s thriving economy, driven largely by surging oil and natural gas development (thanks, fracking!), is producing outrageously low unemployment – and rigorous competition for workers. You don’t have to be Milton Friedman to recognize that economic growth + worker demand = growing wages.

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job-creation  job-growth  oil-and-natural-gas-development  economic-growth 

Mark Green

Mark Green
Posted December 5, 2013

America’s oil and natural gas industry is a top job creator – hence its total employment impact of 9.8 million jobs or 5.6 percent of total U.S. employment, according to PwC. That’s jobs in the industry itself and jobs that exist because of industry activity and investments. In a fair discussion of our industry’s ability to generate jobs and paychecks that benefit millions of Americans, basic economic s teaches that they all count.

Some seem to miss that last point. A Washington Post Wonkblog piece focuses narrowly on jobs in industry and industry support activities. Yet, we know from North Dakota, Texas and other states that oil and natural gas activity is fueling employment across a variety of sectors – employment that would be much smaller or non-existent without energy development. PwC found that for each direct oil and natural gas job, nearly three others were supported elsewhere in the U.S. economy. 

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job-growth  jobs-creation  domestic-energy-development  pipeline-construction 

Mark Green

Mark Green
Posted October 31, 2013

Wishing everyone a safe and happy Halloween! And, thanks to America’s enormous wealth of oil, natural gas and other energy sources, plus investment and ingenuity supplied by the oil and natural gas industry, it is a high-energy Halloween. No tricks, just treats.

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