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NOV 2013Posted by Dwight Steward, Ph.D. | Industry, U.S. Economy
In 2011 (the latest available year), the U.S. BEA reports that the total value of goods and services produced in the Oil and Gas industry was $30.68 Billion and approximately 170,000 people worked in the industry. The value of the goods and services produced in the Oil and Gas industry more than doubled, even after accounting for inflation since 1998.