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.
