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Petroleum & Coal Products

We next consider job losses in petroleum and coal products manufacturing (NAICS 324)  Here we find petroleum refinery products including gasoline, jet fuel, fuel oil, kerosene, lubricating oils, asphalt, and other petroleum refinery products; asphalt paving mixtures and blocks; asphalt and tar roofing and siding products; and coke oven products.

American petroleum refineries and coke oven facilities, which employed 151,900 workers at the beginning of 1990, employed an average 110,742 in 2014.  The following figure and table illustrate those job losses: 

 

From 1991 through 2004, employment in this sector gradually declined at a nearly steady rate.  Thereafter, modest gains were erased following 2008 and the Great Recession, and employment has remained flat through 2014. 

Key Finding:

Between 1990 and 2014, the petroleum refining and other petroleum and coal products manufacturing industries[i] have shed nearly three out of ten jobs, a decline in employment of 27%, some 41,000 jobs. 

GO TO Group 10.

 

[i] The Petroleum and Coal Products Manufacturing subsector is based on the transformation of crude petroleum and coal into usable products. The dominant process is petroleum refining that involves the separation of crude petroleum into component products through such techniques as cracking and distillation.  In addition, this subsector includes establishments that primarily further process refined petroleum and coal products and produce products, such as asphalt coatings and petroleum lubricating oils.  The petroleum and coal products manufacturing subsector consists of a single industry group, Petroleum and Coal Products Manufacturing: NAICS 3241.  [North American Industry Classification System, published at http://www.bls.gov/iag/tgs/iag324.htm.

 

News and Events

May 15, 2014, Ontario, CA - MIAA's founder, Jim Stuber, delivered the keynote address at the 20th annual World Trade Conference sponsored by the U.S. Department of Commerce and the California Inland Empire District Export Council in Ontario, California.  To view the conference agenda, click here:

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May 7, 2015, Radnor, PA.  MIAA's founder, Jim Stuber, appeared as the guest of host Richard J. Anthony, Sr. on The Entrepreneur's Network TV at Radnor Studio 21.  The program featured a discussion of the problems caused by offshoring manufacturing and white collar jobs and how consmers can solve the problem with their spending decisions. 

Studio 21 has made the program available for viewing here:

https://youtu.be/UIOwBD6-1pk

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