The U.S. oil and natural gas industry helps power Americans’ engines through the fuels it produces. But a new report from the World Economic Forum shows the industry is driving U.S. job creation as well. According to the report, prepared in partnership with IHS-CERA, oil and natural gas production accounted for 9 percent of new U.S. jobs last year.
North America stands ready to play a leading role in a global energy transformation through the safe and responsible development of shale natural gas, oil sands and deepwater resources to meet growing energy needs –but it is going to require industry and governments to fulfill their respective roles if these opportunities are to be maximized. ExxonMobil Chairman and CEO Rex Tillerson delivered this important message at a keynote address yesterday at CERAWeek in Houston.
I’ve talked a lot about how shale gas development is transforming energy markets, sparking economic activity, and helping meet our shared environmental goals. As the industry continues to grow, it’s important that local and state governments maintain their capacity for appropriate oversight and regulation. A continued focus on safe operations – from both industry and government – will allow Americans to keep benefiting from the jobs and revenue created by development of this lower-emission fuel source. That’s the idea behind a noteworthy new training initiative announced yesterday by several leading American universities …
More good news about innovation and progress in oil sands development came from Canada late last week. In Calgary, the chief executive officers from 12 oil sands-producing companies – including ExxonMobil’s affiliate Imperial Oil – signed a charter to create Canada’s Oil Sands Innovation Alliance (COSIA). This organization is designed to pool companies’ expertise in oil sands technologies and processes and build upon the independent research and development already taking place.