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2017-05-12 11:45:00

1 MLN U.S. OIL GAS JOBS

1 MLN U.S. OIL GAS JOBS

API private investment in U.S. natural gas and oil infrastructure could create over 1 million U.S. jobs.

"By 2035, if the right regulatory policies are in place, private investment could exceed $1.3 trillion for oil and natural gas infrastructure, and create more than 1 million jobs", said Kyle Isakower, API vice president of regulatory and economic policy.

"Already, reliable access to energy has helped drive down utility, product and other energy-related costs providing a $1337 boost to the average American household in 2015. U.S. industrial electricity costs are 30-50 percent lower than those of our foreign competitors, giving manufacturers – including producers of steel, chemicals, refined fuels, plastics, fertilizers and numerous other products – a major competitive advantage."

"The United States leads the world in carbon reductions thanks primarily to greater use of natural gas," said Robin Rorick, API midstream and industry operations group director. "Carbon emissions from power generation have plunged to nearly 30-year lows, and more than 60 percent of those reductions from 2005 to 2016 have been the result of switching to generation from clean-burning natural gas. By moving forward with private investments in U.S. natural gas and oil infrastructure we can ensure that the United States has the critical framework to sustain America's energy leadership."

API contracted with ICF to investigate the scope of the economic opportunity and the amount of oil and natural gas infrastructure development likely in the U.S. over the next two decades. According to the study:

  • Up to a million jobs could be supported.
  • Up to $1.34 trillion in private natural gas and oil infrastructure investment could occur.
  • Up to $1.89 trillion could be added to the U.S. GDP.

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Earlier: 

U.S. SHALE RISK 

U.S. RIGS INCREASING 

U.S. PETROLEUM DELIVERIES UP 0.2% 

U.S. OIL GAS PRODUCTION UP 

U.S. DRILLING UP 35%

 

 

 

 

Tags: USA, OIL, GAS, JOB, API

Chronicle:

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BANGLADESH'S NEW ENERGY

PLATTS - Bangladesh is planning to step up efforts to liberalize its gas and LNG sectors from 2019 in order to boost private investment and enhance energy security, a move that would likely increase domestic downstream competition and affect the competitiveness of existing oil-linked LNG supply contracts.

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2019, January, 18, 10:20:00

NOVATEK PRODUCTION +6.9%

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1 MLN U.S. OIL GAS JOBS
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OIL PRICE: ABOVE $60

REUTERS - International Brent crude oil futures LCOc1 were at $60.68 per barrel at 0703 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 2 cents from their last settlement, at $52.13 a barrel.

1 MLN U.S. OIL GAS JOBS
2019, January, 16, 11:35:00

GERMANY PROTECTS EUROPE

REUTERS - Germany will try to protect German and European companies from some potentially “massive collateral damage” if Washington levies further sanctions against Russia, Foreign Minister Heiko Maas said.

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