Oil and Gas in California: The Industry and Its Economic Contribution in 2012

The oil and gas industry makes a significant contribution to the Californian economy. Extraction, production, refining and petroleum products manufacturing result in highly tradable products both consumed domestically and exported, producing high revenues, high wage jobs and significant fiscal revenues for all levels of government. In this report, the Economic and Policy Analysis Group of the Los Angeles County Economic Development Corporation (LAEDC) conducts an industry contribution analysis of the oil and gas industry in California in 2012.

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