Alaska’s major industries include oil and gas, tourism and fishing. The largest industry is oil and gas, which provides more than 84 percent of the state’s annual budget as of 2014. Commercial fishing in Alaska results in 6 billion pounds of harvested seafood each year.Continue Reading
The oil and gas industry is responsible for one-third of all jobs in Alaska. As of 2014, the industry has produced a total of 13 billion cubic feet of natural gas and 17 billion barrels of oil. In 1976, the Alaska Permanent Fund was set up with part of the industry’s oil revenues. Money from the fund is distributed annually to qualified Alaskans as a dividend. In 2014, recipients received more than $1,800 from the fund, which is valued at $51 billion for the year
Nearly two million people visit Alaska annually, and in 2013, Alaska generated $2.42 billion from its travel industry.
Alaska’s fishing industry includes some of the world’s largest crab, whitefish and salmon fisheries. Harvests include five crab species, five salmon species, four species of shrimp, Pacific halibut and cod. According to the Alaska Department of Fish and Game, the economic impact of fishing in Alaska was $4.6 billion in 2009.Learn more about Industries
The key industries in Pennsylvania as of 2013 are agribusiness, energy, technology, advanced manufacturing and materials, tourism, life sciences and the film industry, according to the Pennsylvania Department of Community & Economic Development. Among the largest is the agribusiness industry, which ships $32 billion in food products annually.Full Answer >
Some examples of secondary industries are textile production, steel production, oil refining, food processing, aerospace manufacturing and consumer electronics. The automotive, brewing, energy, tobacco, ship-making and chemical industries are also secondary.Full Answer >
Methanol is used in the oil and gas industry primarily to prevent hydration and icing when transporting fuel from offshore locations. The oil and gas industry accounts for less than one percent of worldwide methanol usage, as of 2015. Methanol is growing in popularity as a safe source of fuel for the environment.Full Answer >
The United States Energy Information Administration shows that the price of gas is determined by the price of oil and its associated global supply and demand. Taxes, refinery costs and exchange rates also have effects, notes Investopedia.Full Answer >