Domestic energy production is vital to the U.S. economy and boosts America’s competitive advantages globally. Additionally, many industries benefit from the billions of dollars in capital investment and expenditures made every year by firms like ExxonMobil Pipeline Company. A recent IHS study for the National Association of Manufacturers concluded that a total of 24.1 jobs per mile would be created in the U.S. from crude oil pipeline construction, including 3.2 manufacturing jobs per mile
Our industry delivers economic benefits to families and businesses, as well as to local, state and federal governments. Pipelines create jobs in construction and manufacturing supply chains and generate significant economic value for producers, consumers and investors alike. Our pipeline networks enhance daily lives by moving vital energy products safely and efficiently from their sources to distribution facilities and end users across the continent. This energy undergirds our transportation system and powers industry.
Invisible to the naked eye most of the time, our pipelines operate reliably in both rural and urban areas to safely deliver the resources needed to produce electricity, increase efficiencies in food production and enable research and development of new medical and consumer products.
Every day in the United States, energy companies, including pipeline companies, contribute about $70 million on average to the federal government in taxes, rents and royalties – more than most other economic sectors. State and local governments get similar revenue benefits from the pipeline activity in their jurisdictions.
Pipelines help keep costs low for important consumer goods like gasoline, natural gas and heating oil. These lower prices provide a direct benefit not only to consumers, but also to producers, distributors and manufacturers of all sizes across the supply chain. Pipelines also help keep many major U.S. airports supplied with a reliable source of affordable jet fuel, keeping air travel accessible to millions of American business and leisure travelers.