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Oil, natural gas supports 9 million American jobs, 7.5 percent of GDP

The economic impact of the oil and natural gas industry reaches all 50 states and the District of Columbia a new study by PricewaterhouseCoopers (PwC) found. The study entitled “The Economic Impacts of the Oil and Natural Gas Industry on the U.S. Economy: Employment, Labor Income and Value Added” notes the U.S. oil and natural gas industry supports more than 9 million American jobs, and added more than $1 trillion to the national economy, or 7.5 percent of the U.S. gross domestic product, in 2007, the most recent year for which data was available. Click here to read the report.