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The Oil and Gas Industry in California: Its Economic Contribution and Workforce

By September 3, 2015 No Comments

The LAEDC’s Institute for Applied Economics (IAE) has published a study titled The Oil and Gas Industry in California: Its Economic Contribution and Workforce.

California’s O&G industry continues to be a significant driver of the state economy, supporting 456,000 direct, indirect and induced jobs with $38 billion in overall labor income, and accounting for 3.4 percent of the state GDP. The industry also generates more than $21 billion in state and local tax revenues and provides high-paying jobs for workers across the educational attainment spectrum.

The report was commissioned by the Western States Petroleum Association.

Read the Report HERE.

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