How Significant is the Oil and Gas Industry in Colorado’s Economy?

A recent report conducted by a national industry group shows that the oil and gas industry provides numerous jobs for residents of Colorado. The industry is said to support an average of 271,000 indirect jobs and 69,000 direct jobs.
On a national scale, the report indicated that the industry helps support 2.5 million direct and 8.8 million indirect jobs in the country, contributing 5.6% of available jobs.
While the report is necessary as the country struggles to get back on its feet after the pandemic, there are concerns about whether the number was inflated. Tom Sanzillo, the acting director of financial analysis in the …

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