southern californiaow big are we? southern california 16th largest economy $937.6 billion gdp...
TRANSCRIPT
CHRISTINE COOPER, Ph.D.LOS ANGELES COUNTY ECONOMIC DEVELOPMENT CORPORATION
LOS ANGELES CHAMBER ENERGY, WATER & ENVIRONMENTAL SUSTAINABILITY COUNCIL
SEPTEMBER 20, 2013
ECONOMIC OVERVIEW:THE OIL & GAS INDUSTRY inSOUTHERN CALIFORNIA
OW BIG ARE WE?
Southern California16th Largest Economy $937.6 Billion GDP
California9th Largest Economy $2.05 Trillion GDP
USALargest Economy in the World $15.6 Trillion GDP
Los Angeles County20th Largest Economy $577.5 Billion GDP
4,040
4,883
5,354
6,288
8,669
9,953
15,977
16,449
25,114
78,275
Kansas
Colorado
Wyoming
Louisiana
New Mexico
Oklahoma
Alaska
California
North Dakota
Texas
California ranks 3rd
nationally8.8% of US production
Thousands of barrels
OP 10: Crude Oil Production
250,177
394,125
457,525
1,072,212
1,237,303
1,310,592
1,637,576
1,888,870
2,159,422
3,029,206
7,112,863
California
West VirginiaUtah
ArkansasNew Mexico
PennsylvaniaColorado
OklahomaWyomingLouisiana
Texas
California ranks 13th
nationally1.1% of US production
Cubic feet in millions (Mmcf)
OP 10: Nat Gas Production
364,000
468,000
508,700
530,000
595,000
631,700
930,100
1,625,200
3,273,020
4,754,681
Mississippi
New Jersey
Oklahoma
Ohio
Pennsylvania
Washington
Illinois
California
Louisiana
Texas
California ranks 3rd
nationally9.7% of US capacity
BPCD
OP 10: Refining Capacity
Southern California
Los Angeles Metro AreaSan Diego County
Population: 21 Million
Los Angeles Metropolitan Area
Los Angeles CountyOrange CountyRiverside County
San Bernardino CountyVentura County
Population: 18 Million
California
Population: 38 Million
LA County e a state, it ld be larger n 43 other
es in the U.S.
ARGE CONSUMER MARKET
190,220
205,232
219,318
231,518
233,057
238,743
309,851
359,117
642,919
1,256,917
Georgia
New Jersey
Ohio
Illinois
Pennsylvaia
New York
Florida
Louisiana
California
Texas
California ranks 2nd
nationally9.3% of US consumption
Thousand Barrels
etroleum Consumption
Transportation545,14684.8%
Industrial76,82211.9%
Commercial10,7651.7%
Residential8,2741.3%
Electric Power1,9120.3%
Barrels in thousands
California: 2.9 million barrels onsumed in 2011
A Petroleum Consumption
Transportation497,28439.6%
Industrial746,50859.4% Commercial
6,8000.5%
Residential4,9350.4%
Electric Power1,9120.3%
Barrels in thousands
Texas: .26 billion barrels onsumed in 2011
Texas Accounted for
45.0% of U.S.
industrial petroleum
consumption
X Petroleum Consumption
Domestic exports$ 53 billion
35.6%
Foreign exports$ 17 billion
11.4%
Industry$ 51 billion
34.2%Households$ 24 billion
16.1%
Government$ 4 billion
2.7%
California: $150 billion
in 2011
A Refined Petrol Products
Refineries33.4%
Transportation & Warehousing
19.7%
Manufacturing10.7%
Construction7.0%
Nat Res7.1%
Buildings6.3%
Govt3.8%
Utilities1.4%
All Other10.7%
California: $51 billion
in 2011
A Industry Consumers
Refineries25.2%
Transportation & Warehousing
24.5%
Manufacturing15.0%
Construction7.5%
Nat Res2.2%
Buildings7.0%
Govt4.1%
Utilities1.8%All Other
12.8%
SoCal5: $17 billion
in 2011
oCal Industry Consumers
158158161167181183184194
219243257
358366
640733
San JoseOrange County
New York MDDallas MD
Minneapolis-St. PaulPhiladephia
SeattleBostonDetroit
HoustonDFW
NY-Northern NJLos Angeles County
LA-5So Cal: LA-5 + SD
/Salary Manufacturing Jobs (thousands) by Metro Area – 2012MANUFACTURING CENTERS
WHAT IS OIL & GAS?
Extraction and drilling operations Field machinery manufacturing Pipeline construction and support Refineries Petrochemicals Natural gas distribution Wholesalers
A Oil & Gas Employment
Contra Costa13,13113.7%
Kern13,81014.4%
arbara03%
no8
%
Other California34,46736.1%
Ventura1,5931.7%
Riverside935
1.0%
San Bernardino3,0023.1%Los Angeles
18,53819.4%
Orange County5,3245.6%
Southern California29,39230.8%
Total loyment: 66,200
$47,700
$51,700
$67,100
$70,100
$75,400
$83,800
$87,300
$105,700
$123,600
$131,100
$200,000
Fuel DealersTotal Private, All Industries
Oil and Gas Pipeline and Related…Oil and Gas Field Machinery and…
Petroleum Lubricating Oil and Grease…Petroleum and Petroleum Products…
port Activities for Oil and Gas OperationsPipeline Transportation
Drilling Oil and Gas WellsPetroleum Refineries
Oil and Gas Extraction
uthern California 2012
d d t
oCal Oil & Gas Wages
&G Industry OccupationsOil and Gas Extraction
Occupation Annual average wage
Chief Executives $ 222,830Natural Sciences Managers $ 184,230Lawyers $ 178,160Engineering Managers $ 171,450Marketing Managers $ 171,230Petroleum Engineers $ 161,050Physicists $ 160,960Financial Managers $ 151,670Annual Average Wage $ 200,000
&G Industry OccupationsRefineries
Occupation Annual average wage
Lawyers $ 207,370Chief Executives $ 198,690Mining and Geological Engineers $ 171,000Engineering Managers $ 167,950Geoscientists $ 155,830Computer and Information Systems Managers $ 154,060General Manager $ 140,820Financial Managers $ 138,890Annual Average Wage $ 131,100
&G Industry OccupationsMiddle Skills Jobs
Occupation Annual average wage
Construction Managers $ 103,140Computer Support $ 51,460Electronic Engineering Technicians $ 63,000Electro-Mechanical Technicians $ 49,130Mechanical Engineering Technicians $ 55,210Geological Engineering Technicians $ 56,340Environmental Science and Protection Technicians $ 52,550Legal Assistants $ 57,760
mployment Trendsformance Mixed Across Oil & Gas Industries
Selected Industries•Oil and Gas Extraction•Support Activities for Oil and Gas Operations•Oil and Gas Pipeline Construction•Petroleum Refineries•Petroleum Merchant Wholesalers•Fuel Dealers•Pipeline Transportation
mployment Trends (LA/OC)ble Oil and Gas Industries
50
00
50
00
50
00
50
001
002
003
004
005
006
007
008
009
010
011
012
Oil and Gas Pipeline ConstructionSupport Activities for Oil and Gas OperationsPipeline TransportationTotal, All Private Industries
2001 to 2012 Indexed Growth
(2001=100)
mployment Trends (LA/OC)re Vulnerable Oil and Gas Industries
2001 to 2012 Indexed Growth
(2001=100)
70
80
90
00
0
20
30
001
002
003
004
005
006
007
008
009
010
011
012
Total, All Private IndustriesFuel DealersOil and Gas ExtractionPetroleum Merchant WholesalersPetroleum Refineries
mployment Trends (LA/OC)t Overall Oil and Gas Industries Perform Better
2001 to 2012 Indexed Growth
(2001=100)
90
00
10
20
30
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Select Oil and Gas Industries
Total, All Private Industries
CHRISTINE COOPER, Ph.D.
Thank You