The effects of the U.S. oil and gas renaissance are being felt far and wide, with a broad range of nearly 30,000 companies benefiting from the energy boom, a report issued by the American Petroleum Institute said on Tuesday.
Over the last three years, crude and natural gas has supported almost 10 million full and part-time jobs, said the API, which is a trade organization for the energy industry.
It claims that crude and natural gas have generated nearly 8 percent of U.S. economic activity. The report said that the boom benefits firms including real estate companies, uniform makers, environmental conservation products and laboratories.
The U.S. energy sector "is not just a secure source of energy, it's a reliable customer" for thousands of medium and small businesses, said API Upstream Group Director Erik Milito, on a conference call with reporters. The API has previously touted the positive effects of the U.S. energy boom.