Top 10 US States in Oil Reserves and Unemployment

There is a relationship between energy abundance, industrial viability, and productive employment. Energy abundance is necessary but not sufficient for the other two. The list from ibtimes below, allows you to compare oil reserves and employment. US unemployment is roughly 9%.

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%

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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