How Energy Impacts the Economy
Location
Room A147
Document Type
Presentation
Type
Information Motivating Public Activism (IMPACT)
Start Date
11-4-2018 10:30 AM
End Date
11-4-2018 11:00 AM
Abstract
How does the growth of the energy (gas and oil) industry in America affect employment rates?
Using the oil and gas production industry as the base, we look to find a correlation between energy production in the U.S., the number of jobs available in the industry, and the employment rate. All three factors are compared at the state level. We hope to find a positive correlation between the factors, meaning that an increase in energy production leads to an increase in number of jobs in the industry, which increases the employment rate. Using this correlation, we hope to conclude that states with a more developed gas and oil industry will have a higher employment rate, which means that the growth of the gas and oil industry boosts the employment rates and therefore the economy. If this conclusion is valid, we hope to promote the development of the oil and gas industry in less industrial states as it could increase the employment rates in those states, and boost their economy.
How Energy Impacts the Economy
Room A147
How does the growth of the energy (gas and oil) industry in America affect employment rates?
Using the oil and gas production industry as the base, we look to find a correlation between energy production in the U.S., the number of jobs available in the industry, and the employment rate. All three factors are compared at the state level. We hope to find a positive correlation between the factors, meaning that an increase in energy production leads to an increase in number of jobs in the industry, which increases the employment rate. Using this correlation, we hope to conclude that states with a more developed gas and oil industry will have a higher employment rate, which means that the growth of the gas and oil industry boosts the employment rates and therefore the economy. If this conclusion is valid, we hope to promote the development of the oil and gas industry in less industrial states as it could increase the employment rates in those states, and boost their economy.