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PWC: Oil, gas industry major contributor to US economy

09/14/2009
By Sam Fletcher
The oil and natural gas industry supports more than 9 million US jobs while contributing to the national economy as both an employer and purchaser of US goods and services, according to a new study by PricewaterhouseCoopers (PWC) for the American Petroleum Institute.The report said the oil and gas industry currently supplies more than 60% of the nation's total energy demands and more than 99% of the fuel used by US motorists in their cars and trucks, while 900 of the next 1,000 US electric power plants are projected to use natural gas.The industry is one of the largest employers in the country, with millions of people in exploring, producing, processing, transporting, and marketing oil an...
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