increase energy, produce jobs
TRANSCRIPT
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Increase Energy, Produce JobsCreating Jobs
GAS Unlimited Inc gasglobal.com
• A drilling lease ban affects the ability of U.S. companies to take advantage of resources in the Atlantic, Pacific, and eastern Gulf of Mexico as well as in Alaska– Natural Resource Committee
• Nonetheless, the U.S. has been in the news for its potential to be energy independent and overtake Saudi Arabia in oil production– U.S. Poised to be Top Oil Producer
Drilling Lease
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Jobs• Already the energy industry has emerged as the country’s no.
1 job-creating sector– Job Creating Sector
• Many reports estimate the sector being able to generate millions of jobs over the next 8 years, and maintaining a strong rise in job numbers for years to come– Unconventional Oil and Gas, Job Growth
• In January 2012, companies along the Gulf Coast were experiencing reduced employee numbers– Small- and Medium-sized Businesses Serving Louisiana's Energy
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Drilling Can Grow Jobs• “Increased access to domestic oil and natural gas – rather than increased
taxes on the U.S. oil and natural gas industry….increased activity could (by 2025) create 530,000 jobs…”
API: Study Shows Path to Growth
• “Many are asking ‘how can we create more jobs?’…one obvious place to start would be to encourage sectors in which jobs are already growing – including the U.S. oil and natural gas industry.”Where is the Job Growth?
• “But the biggest growth by far has taken place in the mining, oil and natural gas industries, where jobs expanded by 60% creating a total of 500,000 new jobs…the quality of these jobs are far higher [than those created by health care or education].”Future Job Growth Lies in Traditional Energy Industries
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• The most recently voted upon drilling lease plan occurred in Congress in July 2012
• The original plan (HR 6168) was rejected, but HR 6082 was approved: HR 6082– “The U.S. House of Representatives today rejected H.R. 6168…offshore
drilling plan that place 85 percent of America’s offshore energy resources under lock-and-key”
– “…approve HR 6082,…a robust energy plan that offers 29 lease sales in areas known to contain the most oil and natural gas resources…”
Offshore Drilling Plan
Proposed 2012-2017 Offshore Drilling Lease
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• Under the approved plan, it was announced on Oct. 25 that 20 million acres off the coast of Texas will be up for bid to offshore energy producers next month– Gulf Lease Sale off Texas Gulf Coast: 1, 2
HR 6082
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• The Gulf of Mexico has a “bright future” in all markets: “from drilling to subsea, floating production and marine construction.”
• Spending is estimated to rise 30% in 2013 with expenditures to reach $167 billion from 2013-2016.
GoM:Bright Future
• “190,000 new jobs could be created in 2013 if permitting in the Gulf of Mexico for offshore development” is okayedJobs 2013
• “In 2013, employment is projected to reach its highest level…at 430 thousand jobs…” (6)Quest Offshore
Expectations for the Gulf of Mexico
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Energy Industry Jobs• Visit www.gasunlim.com and click on job
opportunities