From: Jack Gerard, API
To: Scott Jenkins,
Subject: In Every State, Businesses are Part of Energy Economic Growth
Date: Wed Sep 24 14:31:53 MDT 2014
Body:
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    September 24, 2014  

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Another measure of the oil and natural gas industry’s positive impact on the national economy is capital investment. No surprise, we’re energizing the economy here, as well, with four companies ranked in the top 10 of the Progressive Policy Institute’s new list of leaders in U.S. capital spending in 2013.

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    In Every State, Businesses are Part of Energy Economic Growth      
           
   

Dear Scott,

Businesses of all types are part of the American energy revolution, benefitting American workers and families in every state. Even outside of major oil MAP: Vendor Surveyand natural gas producing areas, energy development is creating jobs that pay about double the average salary for all industries, according to the Bureau of Labor Statistics.

API recently published a new survey that maps 30,000 vendors, suppliers, and contractors that help make America’s energy revolution possible. These mostly small and midsized businesses supply the industry with everything from transportation and uniforms to accounting services and environmental consultations.

The study -- which identifies the full list of businesses by state and congressional district -- found the largest numbers of vendors in high-producing states:

Texas: 11,000 businesses

Oklahoma: more than 2,500

California: just under 2,000

Even in lower-producing states, the oil and natural gas industry is a major source of economic activity:

Illinois: 932 businesses

New York: 392

Georgia: 349

As of 2011, the oil and natural gas industry directly or indirectly supported 9.8 million U.S. jobs overall. Although this survey represents only a small cross-section of the energy industry’s value chain, it shows the breadth of economic growth behind America’s oil and natural gas revolution. For these workers, sound energy policy – including access to federal lands, free trade, and a fair tax code – means good business.

Sincerely,

Jack Gerard
President and CEO
API

     
     
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