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Replacing High Paying Oil Jobs With Clean Energy Jobs Is Not So Easy
Displaced fossil fuel workers across the U.S. may soon have better clean energy job choices in solar and wind than their former high-paying oil and natural gas jobs. That is if the Biden administration delivers on their clean energy plans.
According to Texas Independent Producers & Royalty Owners Association, the U.S. oil and gas industry posted a net decline of 160,323 jobs due to lower demand in 2020. These jobs pay $133,601 on average, with 20% filled by women. The American Petroleum Institute reports that the oil and gas industry is still predominantly white, with only 12% of executive jobs filled by people of color.
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them.
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them…
EIA Raises Oil Price Forecasts
The U.S. Energy Information Administration (EIA) raised its Brent and West Texas Intermediate (WTI) oil price forecasts for this year and next year, its latest short term energy outlook report revealed.
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How Many US GOM Jobs Could Go Under Biden?
According to the National Ocean Industries Association’s latest projections, which were prepared by Energy & Industrial Advisory Partners, if U.S. President Joe Biden’s pause on new oil and natural gas leases in offshore waters becomes permanent, the effect on the U.S. Gulf of Mexico workforce would be considerable.
According to the Texas Independent Producers & Royalty Owners Association's latest state of energy report, the U.S. oil and gas industry employed 902,223 p.
Dominated by Texas, U.S. Oil, Gas Jobs Plummet in 2020, with Output Seen Trending Down in ’21
The U.S. oil and gas industry shed more than 160,000 direct jobs in 2020, with nearly half of those losses coming in Texas amid the fallout of the coronavirus pandemic, an annual assessment of the sector shows.
In its State of Energy Report, the Texas Independent Producers & Royalty Owners Association (TIPRO) said the oil and gas industry employed 902,223 workers last year, down 160,323 from a year earlier. In Texas, the nation’s largest state for energy employment, the industry supported a total of 347,529 direct jobs in 2020, down 73,982 from the previous year.