Oil Extraction Growth Means More Jobs

Oil Extraction Growth Means More Jobs

The US recorded the largest single-year increase in oil production in 2012, according to the BP Statistical Review of World Energy. The review, released June 12, was the company’s 62nd annual report.

With the increase in production, the industry has also seen extraordinary growth in recent years.

The U.S. Bureau of Labor Statistics reports that nearly 192,000 Americans were employed in oil and gas extraction careers at the end of 2012. That was a jump of nearly 11,000 from 2011, 30,000 since 2010 and 35,000 since 2009 (see graph at left).

 

The upward trend has continued through the initial months of 2013.

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