The Economic Impact of the Gulf of Mexico Offshore Oil and Natural Gas Industry and the Role of the Independents

A recent study released by IHS Global Insight entitled The Economic Impact of the Gulf of Mexico Offshore Oil and Natural Gas Industry and the Role of the Independents examines the economic significance of the Gulf of Mexico offshore oil and gas industry—today and in the future.  It does so in terms of jobs, economic value and government revenue.  Among other things, the study indicates that the oil and gas industry accounts for about 400,000 jobs, $70 billion in economic value and $20 billion in federal and state revenue and projects those numbers to increase significantly in the future. 
 
Please click here to view the study.
Richard Fullenbaum
(202) 481-9212
Author: Richard Fullenbaum
Phone: (202) 481-9212
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