Top 10 US States in Oil Reserves and Unemployment
A better comparison would be between oil production and employment, rather than oil reserves and employment. Proved reserves are estimates that are always subject to rapid upward revision and interpretation. Oil production, on the other hand, is relatively accessible data.
1. Texas
Proved reserves of Crude Oil: 5,006-M bbls
Oil refineries: 23
Unemployment rate, Jan. 2012: 7.3%
Share of jobs supported by Oil and Gas: 14.3%
2. Alaska
Proved reserves of crude oil: 3,566-M bbls
Oil refineries: 6
Unemployment rate, January 2012: 7.2%
Share of jobs supported by Oil and Gas: 10.3%
3. California
Proved reserves of Crude Oil: 2,835-M bbls
Oil refineries: 19
Unemployment rate, January 2012: 10.9%
Share of jobs supported by Oil and Gas: 4.6%
4. North Dakota
Proved reserves of Crude Oil: 1,046-M bbls
Oil refineries: 1
Unemployment rate, January 2012: 3.2%
Share of jobs supported by Oil and Gas: 7.5%
5. New Mexico
Proved reserves of crude oil: 700-M bbls
Oil refineries: 3
Unemployment rate, January 2012: 7.0%
Share of jobs supported by Oil and Gas: 7.5%
6. Oklahoma
Proved reserves of Crude Oil: 622-M bbls
Oil refineries: 6
Unemployment rate, January 2012: 6.1%
Share of jobs supported by Oil and Gas: 14.1%
7. Wyoming
Proved reserves of Crude Oil: 583-M bbls
Oil refineries: 6
Unemployment rate, January 2012: 5.5%
Share of jobs supported by Oil and Gas: 15.8%
8. Utah
Proved reserves of Crude Oil: 398-M bbls
Oil refineries: 5
Unemployment rate, January 2012: 5.7%
Share of jobs supported by Oil and Gas: 4.9%
9. Louisiana
Proved reserves of Crude Oil: 370- bbls
Oil refineries: 17
Unemployment rate, January 2012: 6.9%
Share of jobs supported by Oil and Gas: 15.1%
10. Montana
Proved reserves of Crude Oil: 343-M bbls
Oil refineries: 4
Unemployment rate, January 2012: 6.5%
Share of jobs supported by Oil and Gas: 6.4%
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
_ibtimes
Labels: ancient oil, energy economics
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