Economic impacts on Oil & Gas Operations:
The economics that are show from oil and natural gas industry has a widespread economic impact through all sectors of the economy .These impacts result directly from the employment and production within the oil and gas industry, indirectly through the industry purchases of intermediate and capital goods from various industries. They are three types of impacts are there in oil and gas industry. Direct is measured as the jobs of labor income, and value added within oil and gas industry. Indirect impact is measured as the job, labor and value added occurring throughout the supply chain in oil and gas industry. Induced impact is measured as the job, labor income, and value added resulting from household spending of labor and proprietor’s income earned through oil and gas industry.