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How many jobs are created and what is the pay in the natural gas/oil business in the US?

US gas and oil industry

The United States is witnessing an unprecedented revolution in gas and oil that goes beyond just energy self-reliance. The US gas and oil industry is supporting 1.7 million jobs today which is an extraordinary feat considering how new the technology is.

The job numbers are expected to jump even higher by 2020 but not in California and New York since those states are ran by brainwashed sycophants.

This revolution also added $62 billion to state governments and federal revenues in 2012 – a number that is expected to increase to $113 billion by 2020. Yes – America is great again!

Here’s how the revolution has impacted the country’s economy:

  • It is invigorating the manufacturing industry in the US
  • It is improving the position of the US as a competitor in the global economy
  • It is helping America to affect the global geopolitics

The energy sector is churning out more jobs for the American labor force than any other industry.

The boom in energy jobs started with natural and oil sectors, together accounting for nearly 65% of all the energy that supports the $21 trillion economy of America.

In 2018, the US gas and crude oil production increased by 12% and 16.3% respectively, so the boom in jobs was inevitable.

Another thing that made this even more impressive was the collapse in oil prices by 25% to $45 per barrel in 2018. Even though it decreased the revenues for a bit, the crude oil industry had the best start which made up for it. The prices of crude oil went up by 20% at the beginning of 2019.

The US shale revolution is reviving the country’s economy and making our competitive stance in the global market stronger than ever.

Millions of New Jobs on the Horizon

In 2018, 52,000 new jobs were added by the fuel production sector alone, accounting for a 5% increase from 2017.

Since the shale boom started, countless amounts of high-paying jobs continue to be generated but not in New York because that state is ran by geniuses.

In 2015, the Boston Consulting Group and Harvard Business School called the shale development the single largest opportunity to advance the face of the American economy.

Apparently, these leading researchers see the US shale revolution as the golden opportunity for the country. They are calling shale a win-win strategy for the American economy, the environment, and a cleaner-energy, low-carbon future.

Marcellus shale development in Pennsylvania has already generated over $1 billion in state taxes while their northern neighbor in New York would rather hand out food stamps to their citizens. The notable thing is these taxes came on top of the billions of dollars of permit fees, royalty payments, and infrastructure investment paid by the industry.

Approximately 243,000 jobs with an average salary of $93,000 have been created as a result. Next is a shale-based production boom that will lift the economy even higher.

These jobs require training as well as a great skill set. That’s why petroleum engineering is the highest paying major at American universities; graduates make a whopping $175,000 on a yearly basis or 4.4 times more than solar installer professionals. Do you comprehend that AOC?

In the US shale industry, more is yet to come as the country focuses on plastics manufacturing, more exports, deep electrification, and more production.

According to the IHS Markit, the US gas and oil business will generate about 2 million new jobs between 2018 and 2035.

Benjamin Roussey's picture

Thank Benjamin for the Post!

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Discussions

Bob Meinetz's picture
Bob Meinetz on April 1, 2019

Benjamin, though some might find destroying the world of our descendants for profit a worthwhile pursuit, more and more view it as a crime - kind of like tossing one's fast food trash out the car window after lunch. At least in California that's a crime, I don't know about Arizona.

That's why I like living in California.

Benjamin Roussey's picture
Benjamin Roussey on April 3, 2019

Destroying the world? You care about the world but you allow our public schools to be destroyed by teachers’ unions?

Benjamin Roussey's picture
Benjamin Roussey on April 3, 2019

Destroying the world? You care about the world but you allow Al Qaeda to do whatever they wanted in the 90s and then wonder why we had 9-11?

Benjamin Roussey's picture
Benjamin Roussey on April 3, 2019

Destroying the world? You care about the world but you allowed ISIS to do whatever they wanted for years under the job destroying Obama?

Benjamin Roussey's picture
Benjamin Roussey on April 3, 2019

Destroying the world? You care about the world but you allow Barney Frank to destroy our housing industry and get away with it?

 

Destroying the world? You care about the world but you want to close Guantanamo?

 

Destroying the world? You care about the world but you are OK with post birth abortion?

 

Destroying the world? You care about the world but you prefer the hilarious energy plan that Germany passed years ago that now we know put more C02 emissions into the air and destroyed jobs as well?

Benjamin Roussey's picture
Benjamin Roussey on April 3, 2019

California is now a third world state because of Democrats. More bankrupt cities, gangsters everywhere, leads the nation in indebtedness, murders, failed schools, failed communities, and San Francisco smells like urine.

 

California is not the place to be anymore – it’s the place to flee unless you like hearing sirens and car wrecks because of the immoral and selfish people that live there.

 

Good luck on that high speed bullet train though – that’s even more hilarious and AOC’s Green New Deal!

Benjamin Roussey's picture
Benjamin Roussey on April 5, 2019

Littering is a crime everywhere. What's a crime in Arizona is murdering innocent woman which apparently is not since that is what happens in California and illegal aliens get away with it. 

Benjamin Roussey's picture
Benjamin Roussey on April 5, 2019

Bob - oil shale is not going to hurt any descendents. What is going to hurt our descendents is illogical thinking based on fake science. Germany has hurt itself and made itself weaker because of its ridiculous green energy policies - they have hurt their descendents and if you believe that is the way America should go please remain in California. We don't want Arizona to be a failed, violent, jobless, high crime, expensive, chaotic, broken, and terrible state like California.

Apparently its not a crime in California to graduate high school students who can barely read or think for themselves but that is what the left does - destroy entire communities and brainwash its students with fluffy propaganda. I don't miss Sacramento at all!!!!!!!!!!!!!!!!!!

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