20 Jul New Analysis: California-Made Natural Gas and Oil Drives U.S. Economic Recovery, Strengthens All Industries
SACRAMENTO, CA, July 20, 2021—The American Petroleum Institute (API) today released a new analysis of the natural gas and oil industry’s vast economic impact on California’s economy and highlighted its importance to the state’s post-pandemic recovery. The study, prepared by PricewaterhouseCoopers (PwC) and commissioned by API, is based on the latest government data available and shows that California’s natural gas and oil industry supported 1,059,000 total jobs across the state’s economy in 2019. California ranked among the highest states for the percentage of total economic contributions by the natural gas and oil industry, generating $199.3 billion toward the state’s gross domestic product—including $94.4 billion added to total labor income.
Source: American Petroleum Institute
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