America’s energy infrastructure is built to safely and efficiently move crude oil and natural gas from wellheads to processing and manufacturing facilities, and then through distribution networks to ultimately benefit consumers at retail outlets, homes and businesses. It is a vast integrated network of pipeline, rail, marine, and tank/terminal assets that works to seamlessly accomplish these tasks. Andeavor (ANDV) and Andeavor Logistics LP (ANDX) strive to conduct these activities safely, responsibly, and efficiently.
Proposals to advance the safe and efficient build-out of energy infrastructure are being developed within the new Administration and Congress.
The issues that follow spotlight some of the key components of America’s energy and transportation infrastructure that are designed to assure the safe, environmentally responsible, and efficient distribution of energy throughout our streams of commerce.
Refiners Fuel Our Growing Economy
It’s easy to take for granted the importance of the refining and petrochemical industries to our modern society. The products they produce are everywhere; they make life easier, healthier, happier and increasingly productive.
Andeavor is America’s fourth-largest petrochemical manufacturer, and is engaged in the creation of the building blocks for practically everything Americans want, need and use. Andeavor’s refineries produce increasingly cleaner fuels that are literally helping to drive our nation forward, even as efficiencies are improved, emissions lowered and safety is enhanced. Our work, and that of our industry, relies upon a dedicated pool of extraordinary talent: our workers, vendors, allied businesses and investors.
The refining and petrochemical sector directly and indirectly supports over 10.3 million jobs. Together, they contribute more than $1.3 trillion in added value to our nation’s economy.
US refiners have helped to establish the United States as a net exporter of refined products, and are key suppliers of diesel fuel, gasoline, jet fuel and propane, as well as intermediates and feedstocks to world markets, a trend that is expected to grow 60 percent by 2020.
Oil & Gas Sector’s US Economic Impact:
10.3 million jobs and $1.3 trillion value added
|Year: 2015||Indirect and Induced Impacts|
|Direct Impacts||Operational Impacts||Capital Investment Impacts||Total Impacts||Percent of US Total|
|Labor Income ($ billions)||$289.6||$290.6||$134.1||$714.2||6.7%|
|Value Added ($ billions)||$602.6||$495.3||$219.9||$1,317.9||7.6%|
Annually, the sector contributes roughly $100 billion in federal and $76 billion in state/local taxes.