Gulf Offshore Could Support 400,000 Jobs
July 12, 2011
According to a new study, the Gulf offshore oil and gas industry supported more than 240,000 jobs across the country. And “if exploration and development permitting return to historic levels and backlogged projects are processed, the Gulf offshore industry could help create an additional 190,000 jobs by 2013.”
From the release:
“The Gulf offshore oil and gas industry supports tens of thousands of jobs outside the Gulf of Mexico,” said Randall Luthi, president of NOIA. “These jobs are found across the United States – at places like Redwing Shoe Company in Minnesota, Godwin Pumps in New Jersey and Hammerhead Industries in California, just to name a few.”
But offshore industry-related jobs are down from 2008, the study shows, due in part to the poor economy, the deepwater moratorium, and the continuing slow pace of new drilling permits in the gulf. More than 60,000 jobs have been lost in the Gulf States alone since 2008, according to the study.
The study also projects that if exploration and development permitting return to historic levels and backlogged projects are processed, the Gulf offshore industry could help create an additional 190,000 jobs by 2013 for a total of more than 400,000 industry supported jobs across the United States. The Gulf offshore industry could also contribute nearly $45 billion dollars to the nation’s GDP by 2013.
“The bad news is that the current pace of permit reviews and approvals will just not get us there,” said Luthi.
See entire press release here.
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