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Offshore Drilling Restrictions

American Shale Boom Fuels Rapid Job Growth

Employment in the oil and gas industry is growing at a much faster clip than total private sector employment amid a boom in U.S. production, according to an analysis by the Energy Information Administration.Oil and natural gas activity in the U.S. has rapidly expanded, as drillers flock to shale plays like North Dakota's Bakken, Eagle Ford in Texas and the Marcellus Shale in Pennsylvania. From the beginning of 2007 through the end of 2012, monthly crude oil production soared 39%, and natural gas production was up 25%.During that six-year period, the U.S. oil and gas industry recorded a 40% employment jump to 162,000 total jobs. Meanwhile, the private sector grew by just 1%, or about one million jobs.The U.S. Labor Department breaks down employment in the oil and natural gas industry using three categories: drilling, extraction and support.Drilling employment grew 7.3%, totaling more than 90,000 jobs by the end of 2012.Jobs in extraction, which includes exploration and all production wo...

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  1. The Dangers of Oil Drilling

    Breitling Oil CEO Chris Faulkner on the Hercules Offshore Rig fire, offshore drilling safety and oil prices .

  2. Efforts to Expand Offshore Drilling

    Rep. Doc Hastings, (R-Wa.), on the need for more offshore and natural gas drilling and the President’s war on coal.

  3. Coastal Governors Want More Offshore Drilling

    Governors of coastal states say the shadow cast by Deepwater Horizon has loomed too large and lingered too long--now they want more drilling off their coasts and the...

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  5. U.S. on the Way to Becoming World’s Top Oil Producer?

    Magnum Hunter Resources CEO Gary Evans on the increase in U.S. oil production and the impact of regulations.

  6. Creating Jobs by Drilling

    The U.S. oil and natural-gas rush will add 1.7 million jobs this year at wages on average of about $35 an hour, "dramatically higher" than the average $23 an hour fo...

  7. Factbox: Obama, Romney positions on energy policy

    President Barack Obama and Republican challenger Mitt Romney have vastly different strategies on how to regulate the newfound energy bounty as well as how to slash t...

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