How much does the oil/petroleum industry contribute to the total US economy?

percentages and raw numbers please… also, if you got it from a website, please post it up.. thanks!

One Response to “How much does the oil/petroleum industry contribute to the total US economy?”

  1. simplicitus Says:

    I can’t give you a detailed answer, but my guess is that you’d get a good approximation if you added the yearly cost of gasoline, diesel, kerosene, and fuel oil in the U.S.

    Here is one source of data on the amounts and prices of all these commodities:
    http://www.eia.doe.gov/basics/quickoil.html

    (Note that the cost of these products should include the costs of the crude oil, the costs of refining and distribution (pipelines, tank trucks, etc.), the costs of exploration, etc.

    If you want, you can subtract out the cost of the imported crude oil. The site cited also has that data.)