Investing in domestic oil and natural gas production comes with many benefits. Whether the investments come from large international organizations or smaller companies operating solely in the United States, domestic energy investment creates jobs, strengthens the economy, and influences global politics.
Job Creation and Economic Growth
In 2023, the United States exceeded oil production records and met the energy demand at home while exporting abroad for significant profits. Representing an industry worth nearly 8% of the national GDP, it’s clear the oil and gas industry is critical to the U.S. economy and a powerhouse supplier of jobs in both the present and future. And as companies like Phoenix Capital Group show, investments in the industry can benefit all sorts of different Americans.
The oil and gas industry supports over 10 million jobs in the United States, including citizens directly employed in the industry, employees at investment companies like Phoenix Capital Group, and jobs created in other sectors to support it. While the industry can be unpredictable, including the unexpected effects of the COVID-19 pandemic, the market is returning stronger than ever. In fact, jobs are expected to surpass pre-COVID levels by 2027.
The United States is producing historic levels of crude oil—far more than any other country—and the demand is increasing job creation and spurring economic growth. Through the strategic use of data analysis in the oil and gas industry, companies are optimizing production and efficiency, further enhancing these economic benefits. Through this creation of millions of jobs yielding billions of dollars into the economy, the United States owes a debt of gratitude to the oil and gas industry. That’s why companies like Phoenix Capital Group focus on investing at home—to support everyday Americans and economic growth.
Through this creation of millions of jobs yielding billions of dollars into the economy, the United States owes a debt of gratitude to the oil and gas industry. That’s why companies like Phoenix Capital Group focus on investing at home—to support everyday Americans and economic growth.
The Importance of Energy Independence
Another important benefit stemming from domestic oil and gas investments is energy independence. When a nation relies on international markets to fulfill its energy needs, it becomes dependent on other countries and regions.
This can make a nation susceptible to geopolitical tensions, trade disputes, or conflicts in supplier countries. By having diverse, domestically sourced energy or investing with local companies like Phoenix Capital Group, a nation can enhance its national security and economic stability.
- Pricing: Developing domestic energy resources can contribute to more predictable and affordable energy prices for consumers.
- R & D: Investing in research and development to enhance domestic energy production can lead to technological advancements that benefit the energy sector and other industries.
- Access to Energy: Energy independence can improve a nation’s ability to provide reliable and affordable energy access to its citizens. This is crucial for overall economic development, as energy is essential for various aspects of daily life, including health care, education, and communication.
- Environmental Sustainability: A focus on energy independence often includes a shift toward renewable and cleaner energy sources. This transition can contribute to environmental sustainability by mitigating the environmental impact of energy production and consumption.
In summary, energy independence is vital for enhancing national security, economic stability, job creation, environmental sustainability, energy affordability, technological innovation, and ensuring widespread energy access for a country and its citizens. Investing with American companies like Phoenix Capital Group can further benefit energy independence in a U.S. context.
About Phoenix Capital Group
Founded in 2019, Phoenix Capital Group Holdings, LLC is a prominent oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States. The family-owned company is a technology-led and client-centric organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.
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