Oil Field Jobs created 9% of new jobs, study says

Oil Field Jobs -A booming U.S. Oil Field Jobs sector was responsible for generating 9 percent of all new jobs last year, with three indirect jobs for every one directly involved in the industry, a new study has found.

The joint study by the World Economic Forum and IHS CERA, a global-business-information company, highlighted the role that the energy industry can play in reviving the global economy. The study comes during a presidential election year as candidates argue about high U.S. unemployment and energy policy.

The report said the Oil Rig Jobs industry contributed 37,000 direct jobs in 2011, which led to the creation of an additional 111,000 indirect jobs during the same period. It said the multiplier effect for solar and wind energy were lower during operation, but higher during construction, at up to 3.3 times.

“We always suspected that energy had a vital role to play in the economic recovery, but we were still surprised when the data uncovered the magnitude of the sector’s multiplier effects,” Roberto Bocca, head of energy industries at the World Economic Forum, said in a release.

The U.S. oil and gas industry is in the midst of its biggest boom in a generation, with hydraulic fracturing and horizontal-drilling technology unlocking billions of barrels of oil and decades’ worth of natural gas from previously untappable tight coal seam fissures. That has ignited a political debate between environmentalists, who caution against the impact of “fracking” on water supplies, and industry supporters, who say the shale oil revolution is helping to revive the U.S. economy.

The WEF report also said the energy sector’s highly skilled work force is well-paid compared with other sectors, with compensation per worker about twice the average in Germany, Norway, the United Kingdom and the United States, and four times the average in Mexico and South Korea.For More details visit Alberta Oil Careers.