The oil and gas industry supports 146,000 jobs in North Carolina, adds almost 12.4 billion dollars to the state’s gross product, and generates 3 billion dollars or more in total NC government revenue, according to the North Carolina Energy Forum and American Petroleum Institute. These ideas and more were presented at the Wake Forest University Energy Forum held Wednesday, November 5 in Farrell Hall’s Broyhill Auditorium.
Panelists Algenon Cash, the chairman and small business ambassador for the North Carolina Energy Forum and managing director of Wharton Gladden, and David McGowan III, the new executive director of the NC Petroleum Council talked with students about careers in the energy industry.
Some key takeaways:
- For every job in the oil and natural gas industry, three or more additional jobs are generated across the the economy.
- America’s oil and natural gas industry supports 9.8 million jobs and contributes more than 1 trillion dollars in total value added to the economy.