columns@tribtoday.com
The economic impact of the oil and natural gas industry in Ohio has been immense over the past decade. Whether the result of the thousands of well-paying jobs the industry has generated or the billions of dollars invested in the Mahoning Valley and beyond, the oil and gas industry is a key economic driver in the Buckeye State.
The industry is creating economic opportunities for people in communities across Trumbull, Mahoning, Columbiana and other counties that are home to gas and oil wells, as well as the industry’s supply chain. To portray Ohio’s oil and gas industry as anything other than an economic pillar in this region of the state, as a recent report by the Ohio River Valley Institute did, is disingenuous at best and manipulative at worst.
Guy Coviello
The economic impact of the oil and natural gas industry in Ohio has been immense over the past decade. Whether the result of the thousands of well-paying jobs the industry has generated, or the billions of dollars invested in the Mahoning Valley and beyond, the oil and gas industry is a key economic driver in the Buckeye State.
The industry is creating economic opportunities for people in communities across Trumbull, Mahoning, Columbiana and other counties that are home to gas and oil wells, as well as the industry’s supply chain. To portray Ohio’s oil and gas industry as anything other than an economic pillar in this region of the state, as a recent report by the Ohio River Valley Institute did, is disingenuous at best and manipulative at worst.
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The Ohio River Valley Institute’s recent report attempting to discredit the many economic benefits that oil and natural gas drilling provide for our state missed the mark.
In reality, this industry has been a great benefit and integral component to Ohio’s economy and the entire Appalachian region. The natural gas and oil industry is responsible for nearly 205,000 jobs in Ohio, according to the Ohio Department of Job and Family Services. Shale-related employment such as drilling and pipeline construction for example has increased more than 90% since 2011, with annual wages averaging between $70,000 and $80,000, far higher than the state average.
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