Minority Job Growth

As America continues to surge ahead as a global energy leader, there will be an increased need for talented, hard-working people to fill new jobs in the industry.  And if we get our energy policy right, the industry could support an additional million well-paying jobs, many to be filled by traditionally underrepresented minorities. 

America’s oil and natural gas industry already supports 10.3 million jobs throughout the economy and 7.6 percent of GDP (2015).  But there is the potential for so much more in coming years. 

A 2016 report by IHS projects that oil & gas and petrochemical industries will directly support nearly 1.9 million jobs by 2035.  Of those job opportunities:

  • Hispanic and African American workers will account for almost 40% of those opportunities (576,000 and 131,000 respectively). 
  • Women are projected to fill more than 290,000 of those job opportunities - or 16% of the total. 

That same report estimates that 57% of all job opportunities created over the forecast period will be blue-collar jobs, suggesting tremendous opportunity for workers with a high-school diploma and some post-secondary training. 

A large share of the potential jobs, about 32%, would be in scientific and managerial occupations such as petroleum engineers, while will usually require a college degree. 

These new jobs include positions created by projected capital investment in the industries as well as growth of industry operations AND job opportunities that will be created by the need to replace workers who retire or otherwise leave these industries over the next 20 years.

What the report makes clear is that this nation will not be able to fulfill its potential as a global energy leader without more hands on deck, particularly minority and female workers.

 

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