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The oil and gas drive employment in US

The Bonanza created by those oil energy 1.7 million oil jobs this year; It is expected to achieve nearly 3 million jobs by 2020.

The Bonanza of oil and gas in the United States is reducing unemployment has since opened a total of 1.7 million oil jobs this year, a number that will increase to almost 3 million oil jobs by 2020, said an important consultant in a study released Tuesday.

The report by forecaster IHS Global Insight is part of a series of works that attempt to quantify the impact that has had the boom in production of oil and called "unconventional" gas in the US economy. Using new technologies to extract fossil fuels trapped in shale has transformed the US energy sector.

After five years of rapid growth, unconventional oil is responsible for about 2 million barrels per day of US production in 2012, IHS said. It is anticipated that the total production of US crude to average 6.3 million barrels a day, according to the Energy Information Administration.

Unconventional oil production will overtake oil extracted in a conventional manner by 2015 and will reach about 4.5 million bpd in 2020, which represent about two thirds of total US oil and condensate production, IHS said.

"At what point will you stop calling this 'unconventional'?" He said in an interview John Larson, vice president of the company and lead author of the study. "This is going to become the convention," he said.

President Barack Obama cited a report of the number of IHS in his last speech on the State of the Union, which documented 600,000 oil jobs created by the natural gas sector.

Since then, the oil employment estimates for natural gas has increased to 900,000 oil jobs, Larson said.

IHS expects that by 2020 there will be 1.3 million additional oil jobs in unconventional oil and gas sector and will contribute more than 416,000 million dollars to the economy.

The report is published at a time when the Environmental Protection Agency considers what role it should play in regulating hydraulic fracturing, the technology used by drillers to throw sand, water and chemicals into shale rock to recover oil and gas.

Texas oil field job openings

Falling oil prices hampers the economy and employment in the state of Texas. (Gtres) Job losses in Texas was the largest of 31 states that recorded a decrease in oil jobs during March. The company lost 25, 400 oil jobs last month. The last time there was a decline in employment in Texas was in September 2010. Last year, Texas created the second largest number of oil jobs across the country.

PST The Texas economy has begun to show serious signs of weakness as oil prices remain low and the industry related to the extraction of oil continues to shed jobs. Texas last March recorded the first decline in the total number of oil jobs created, more than four years. The company lost 25, 400 oil jobs last month, according to the Texas Workforce Commission. The loss of jobs in Texas was the largest of 31 companies that registered a decrease in jobs during March.

Last year, Texas created the second largest number of jobs in all EU Figures from the Texas Workforce Commission come to confirm what economists had forecast. Experts had expected for some months to persist low oil prices, Texas begin recording net losses in oil jobs, having created thousands of new jobs each month for 53 consecutive months.

The last time there was a decline in employment in Texas was in September 2010 when 600 jobs were lost that month. Last month, the service industry, trade and transportation, recorded a decline in higher job positions to the oil, mining and gas areas in two thousand 800 oil jobs were lost in March. Overall, service companies cut 14 thousand 500 workers last month. The construction jobs fell by five thousand 800 and manufacturing decreased by two thousand 300 jobs.

Despite the job losses recorded in March, Texas still has a positive balance in the creation of jobs during the last year. In the last 12 months, the company has added 327 000 new oil jobs, for a job growth rate of 2.9 percent, exceeding the national growth rate of 2.3 percent. Last year, Texas created the second largest number of jobs in the country, adding about 407 000 400 new jobs, second only to California, where 471 000 200 jobs were created in 2014.

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