From: Jack Gerard, API
To: Scott Jenkins,
Subject: U.S. Energy is Good Business
Date: Wed Jun 25 14:47:01 MDT 2014
Body:
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Energy Tomorrow
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    June 25, 2014  

New Industry Jobs Portal

Job opportunities abound in America’s oil and natural gas industry. A recent report projects 1.3 million new job opportunities in the oil, natural gas and petrochemical industries by 2030 – with more than 400,000 job opportunities for African-American and Hispanic workers and 185,000 job openings filled by women. Explore API’s new jobs website – with English and Spanish language versions – to help workers join the American energy revolution.

http://www.oilgasworkforce.com

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    U.S. Energy is Good Business      
           
   

Dear Scott,

One year ago this week, President Obama delivered a speech on climate policy touting an “all-of-the-above energy strategy.” Although the administration’s policies may not always indicate it, oil and natural gas development is an essential part of any true all-of-the-above strategy. Oil and natural gas supplied 63 percent of the energy we used in 2012, and that percentage will remain virtually unchanged (60 percent) by 2040, according to U.S. Energy Information Administration (EIA) projections.

Besides providing the energy that makes modern life possible, the American energy revolution is contributing to significant progress in reducing emissions, as it provides a crucial component of our economy while enhancing U.S. energy security:

  • Emissions reductions: Between 2000 and 2012, the industry invested $81 billion in new low- and zero-emissions technologies – that’s more than the federal government ($79.7 billion) and almost as much as all other industries combined ($91.2 billion). From 2011 to 2012, these and other investments allowed the U.S. oil and natural gas industry to directly reduce emissions of greenhouse gases by the equivalent of 53.6 million metric tons of CO2 – equal to taking 10.8 million cars off of the road.
  • Household savings: Due to the cumulative impact of higher household wages and lower costs for energy and energy-intensive products made possible by shale energy, American families saw an increase in disposable household income of $1,200 in 2012.
  • School and government savings: U.S. public elementary and secondary school districts saved approximately $1.2 billion on electricity and heating costs in 2012 -- enough to employ over 14,200 teachers. State and local governments saved an estimated $720 million, or the cost to employ about 10,995 government workers.
  • Jobs and economic growth: America’s oil and natural gas industry supports 9.8 million jobs and 8 percent of the U.S. economy, contributing $598 billion in labor income and $1.2 trillion to U.S. GDP in 2011. Shale energy development alone supported 2.1 million jobs in 2012.
  • Manufacturing renaissance: By 2015, energy from shale and other tight-rock formations could support nearly 400,000 manufacturing jobs, or 3.2 percent of all U.S. manufacturing jobs.
  • Government revenue: America’s oil and natural gas industry delivers around $85 million on average per day to
    the federal treasury in rents, royalties, income tax payments and bonus payments. The industry added up to $545 billion to the U.S. economy in 2011 through capital investment, wages and dividends.
  • Energy security: According to a new EIA report, domestic energy production accounted for 84 percent of total U.S. energy demand in 2013, a ratio not seen since the early 1990s. Thanks to the American energy revolution – driven by horizontal drilling and fracking innovations -- the U.S. could reach zero net imports in the mid- to late-2030s, according to EIA projections.

Jobs, good wages, family savings, emissions reductions -- America’s energy resurgence has truly accomplished “all of the above.”

Sincerely,

Jack Gerard
President and CEO
API

     
     
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Energy Tomorrow is a project of the American Petroleum Institute – the only national trade association that represents all aspects of America’s oil and natural gas industry – speaking for the industry to the public, Congress and the Executive Branch, state governments and the media. Rapid growth in natural gas production, thanks to vast shale deposits and hydraulic fracturing, is reviving America’s manufacturing and other sectors while helping reduce U.S. carbon emissions to a 20-year low. U.S. crude oil production has reached its highest point since 1997, due to production from shale and other tight rock formations, while reducing imports to their lowest level in more than 20 years.
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