22 Jul New Analysis: Pennsylvania-Made Natural Gas and Oil Drives U.S. Economic Recovery, Strengthens All Industries
HARRISBURG, PA, July 22, 2021—The American Petroleum Institute (API) and its Pennsylvania-based office (API PA) today released a new analysis of the natural gas and oil industry’s vast economic impact on the commonwealth’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 Pennsylvania’s natural gas and oil industry supported nearly 500,000 total jobs across the state’s economy in 2019. Pennsylvania ranked among the highest states for the share of total economic contributions by the natural gas and oil industry, generating $78.4 billion toward the state’s gross domestic product—including $40.5 billion added to total labor income.
Source: American Petroleum Institute
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