2. Opportunities and Challenges

World Economic Forum (WEF) report states that hydrocarbons sector added 9% of all new American jobs in 2011, some 48k jobs in total, directly and indirectly (three quarters the former). The following quote comes from page 15 of the report: First, the oil and natural gas industry makes significant capital investments in structures and equipment, thus generating positive effects throughout the economy (and) econd, the industry and its suppliers create particularly high-paying jobs … more than in the manufacturing, wholesale trade, education, finance and information technology sectors. High salaries result in relatively larger induced income effects for the US economy as a whole.

roberto agostini