The impact of the COVID-19 pandemic that plagued the world for the better part of 2020 has yet to be fully understood. In addition to the global health crisis, the pandemic delivered a shock wave to Main Street in communities from coast to coast. As the American economy begins to recover from last year’s downturn, one thing is certain: the energy industry is leading the charge.
PricewaterhouseCoopers (PWC) recently released a report detailing the economic impact of the energy sector in the United States including direct impacts such as employment and production. The report also explores the indirect impact on … Read More >>
NNPA NEWSWIRE — “We expect that in this workforce of future, African Americans and Latinos will supply almost 40 percent of the workforce…” Mike Sommers, president and CEO, American Petroleum Institute
By Stacy M. Brown, NNPA Newswire Correspondent @StacyBrownMedia
In a year when the American Petroleum Institute (API) marks its 100th anniversary, the oil and natural gas industry continues to look towards the workforce of the future nationally and globally that will emphasize the inclusion of African Americans, Hispanics and other minorities.
API, America’s largest trade association for the oil and natural gas industry, is … Read More >>
NNPA NEWSWIRE — Nearly 1.3 million job opportunities are projected in the oil and natural gas and petrochemical industries through 2030, and minority workers represent a critically vital and available talent pool to help meet the demands of the projected growth and expansion, according to the American Petroleum Institute (API), the only national trade association that represents all aspects of America’s oil and natural gas industry.
15 or 20 years ago, there were very few people who could have imagined that the U.S. would again lead the world in the production of natural gas and oil. And even fewer who would have thought that we could reduce carbon emissions faster than any other nation. Today, we are doing both.
The natural gas and oil industry supports the jobs of more than 10 million American workers, and reports project an additional 1.9 million job opportunities in America’s natural gas and oil and petrochemicals industries by 2035 – nearly 40 percent of … Read More >>
NNPA NEWSWIRE — The natural gas and oil industry supports the jobs of more than 10 million American workers, and reports project an additional 1.9 million job opportunities in America’s natural gas and oil and petrochemicals industries by 2035 – nearly 40 percent of which will be held by African American and Hispanic workers.
The economy is booming, but that doesn’t mean it’s all Easy Street for American families. Costs for household essentials continue to rise — with expenses for health care up 73% over 10 years, education costs increasing 58% and food bills rising 26%.
There’s one important exception: energy costs. Household energy expenseshave dropped 10.5%, and Americans saved $300 billion in 2016 compared to 2010. As recently as 2011, media reports were blaring headlines like “$4 Gas Might be Here to Stay.” With the … Read More >>
When it comes to lowering emissions and reducing its environmental footprint in the U.S., the American Petroleum Institute (API) wants the world to know that the natural gas and oil industry is already doing it.
A new API advertising campaign highlights the natural gas and oil industry’s leadership in reducing emissions, protecting the environment, making climate progress and serving consumers. While one commercial focuses on the role of industry as problem solvers, a second highlights industry’s ability to solve complex problems.
NNPA NEWSWIRE — Already, the industry is focused on its workforce of the future, creating more career opportunities for women, minorities and Millennials because it values diverse perspectives and contributions as key to driving continued innovation in the energy space,” said Mike Sommers, the president and CEO of the American Petroleum Institute.
For African-Americans and Latinos, the path to upward mobility in the oil and gas industry remains filled with both hurdles and hope.
A 2017 U.S. Labor Department analysis revealed that African-American workers held just 9 percent of the jobs in oil and gas extraction … Read More >>
—Jack Gerard, the president and CEO of the American Petroleum Institute, said that he visited historically Black colleges and universities to share information about the career and business opportunities in the petrochemical industry with students. —By 2040, consumers across the country could save an estimated $100 billion, or $655 per household, from the increased use of natural gas throughout the U.S. economy, according to the 2018 State of American Energy report. —Artificial heart valves, air bags, seat belts and components in smartphones are made with petroleum-based products.