How Many Energy Jobs Have Been Created Under Trump?
Energy Jobs Under Trump
- Apr 18, 2019 1:48 pm GMT
- 516 views
The 21st Century Energy Institute of the US Chamber of Commerce recently commissioned a study to check the job scenario created by the unconventional energy resource boom initiated by President Donald Trump (it started during the job destroying Obama’s Presidency but since him and his ilk were against oil shale/fracking he does not get any credit).
The gas and shale oil fracturing or fracking where extraction is carried out by horizontal fracturing in a hydraulic process has led to an unusual yet welcome job boom, including the states that have no shale deposits too.
The current projection by the study estimates creation of at least 3.5 million new jobs by 2035 while 1.7 million opportunities have already been created by the shale oil and gas economy. The natural gas story in America is amazing.
Direct and Indirect Job Creation
The study quantified jobs created by the shale oil and gas industry in “non-producing” states too. In Illinois (a state that is not as foolish as California and New York despite Chicago being a mess), fracking has created 38,652 indirect jobs – which are near the number of direct jobs created in Ohio, where fracking does take place.
The top 10 direct “producing” states include Ohio where 38,830 new jobs have been created and North Dakota, which has seen the creation of 71,824 new fracking jobs. Texas, with over half a million fracking jobs created newly, tops the list.
The study found that 1,393 jobs in metal fabrication and 353 jobs in the property sector were created only in Illinois. Over 2,000 induced jobs in health care and 601 indirect jobs in insurance industries were also created.
The other states where indirect jobs have been created include Wisconsin, Michigan, and Minnesota which are among the nations “top 10 non-producing states” regarding job creation due to fracking.
The Flourishing Industries
The major industries that saw job creation in fracking states are construction, gas and oil extraction, truck transport and metal fabrication.
Indirect processes related to fracking, such as manufacturing of chemicals, equipment, and electrical cum electronics were the major industries non-producing states that contributed to new job creation. Fracking sand-mining in Wisconsin, Ohio, and Minnesota was the biggest contributor to new jobs.
Contributors to New Job-Creation Process
The Ohio Chamber of Commerce, various state shale gas and oil industry groups and Ohio’s local companies were credited for stimulating the fracking job creation process. The job creation also included college community programs that trained workers for oil and gas industry operations, trucking& transportation, and welding.
Ohio-based companies sold various manufactured equipment to Texas fracking industry with the active help of above-mentioned companies and groups.
The focus of Ohio universities on production and development of new materials, environmental safeguard studies, and numerous other innovations for the fracking industry played a key role in job creation as well.
About the Study
The study was a part of the Energy Institute’s “Shale Works for Us” July 2018 campaign. It used the IMPLAN model, a tool created by the US Agriculture Department.
The study aims to quantify and predict jobs created by shale oil and gas economy directly, or via indirect or induced modes in each US state.
IHS, a Colorado-headquartered consulting firm that specializes in energy economics analysis and forecasting carried out the research.
The study’s October 2018 and December 2018 phases have been published while a third phase will be coming soon.