…in our energy-related industries. A letter in last Wednesday’s The Wall Street Journal‘s Letters section laid some out for Louisiana.
…the oil-and-gas industry supports 260,000 jobs in the state, and each industry job generates 3.4 Louisiana jobs in other sectors
That work out to an aggregation of 884,000 jobs in Louisiana alone.
The National Association of State Energy Officials estimates for 4Q2018 that the Traditional Energy sectors (a broader look at our energy industry than just oil-and-gas) employed 2.4 million Americans. Using (albeit naively) Louisiana’s multiplier of 3.4 jobs in other sectors generated by the energy industry, that works out to 8.2 million jobs. That’s 5% of our then-employed Americans.
This is what Progressive-Democratic Party Presidential candidate Joe Biden wants to trash with his “transition” away from hydrocarbons as the source of our nation’s energy—the source of our businesses’ and homes’ production and heating/cooling energy.