By forming and supporting policies that increase the use of America’s own natural gas, we can create millions of jobs, help fuel local business and build a platform to encourage economic development in Louisiana—not just today, but for decades.
Job Creation
- 35,000 jobs are created for every 1% increase in natural gas production
- By 2025, 2.4 million jobs will be created in the U.S. if we expand access to America’s oil and natural gas reserves
- 9.8 million people are employed directly and indirectly by the U.S. oil and natural gas industry
Government Revenue
- The federal government has received well over $100 billion from the oil and gas industry since 2000
- Every day industry companies pay $86 million to the federal treasury in rents, royalties, lease payments and bonus fees
- The average industry income tax expenses in 2011 were about 40.6% (compared to 25.1% for other S&P industrial companies)
Economic Stimulus
- The natural gas industry delivered $476 billion to the U.S. economy in 2010 while investing $266 billion in new U.S. capital projects
- $176 billion in wages were paid to U.S. industry employees in 2010
- Oil and natural gas industry exploration and production wages are twice as high as the national average
- $35 billion in dividends were distributed to American shareholders in 2010
- Constructing a nuclear power plant costs five times as much as a natural gas plant