The U.S. oil and natural gas industry provides energy security and economic benefits to our nation, supporting more than 9.8 million jobs and contributing $1.2 trillion in added value to the economy. See information by individual state (interactive map).
America's oil and natural gas industry supplies tens of millions of dollars a day to the U.S. Treasury in the form of income taxes, rents, royalties and other fees. That adds up to more than $30 billion a year.
Interactive map from US Energy Information Administrations showing the energy production, consumption and expenditures of every state.
This map, produced by the U.S. Energy Information Administration (EIA), uses layers to provide visuals of many energy resources across the country.
There are three major forms of fossil fuels: coal, oil and natural gas. All three were formed many hundreds of millions of years ago before the time of the dinosaurs - hence the name fossil fuels. The age they were formed is called the Carboniferous Period. It was part of the Paleozoic Era. "Carboniferous" gets its name from carbon, the basic element in coal and other fossil fuels.
Oil and natural gas together make petroleum. Petroleum, which is Latin for "rock oil," is a fossil fuel, meaning it was made naturally from decaying prehistoric plant and animal remains. It is a mixture of hundreds of different hydrocarbons molecules containing hydrogen and carbon that exist sometimes as a liquid (crude oil) and sometimes as a vapor (natural gas).
Nearly two-thirds of voters in Florida support offshore drilling for domestic oil and natural gas resources, according to this new poll.
Florida is projected to see an increase in spending, employment and contributions to its economy if Atlantic OCS oil and natural gas resources are developed.
The Administration's proposed tax changes on the oil and natural gas companies are purported to raise revenue. However, in a recently published study, Louisiana State University Professor Joseph Mason indicates these tax changes would result in lost economic output, lost jobs and reduced tax revenues.
