Question

What percentage of the total income of the City of Houston, Texas does oil represent? Directly and indirectly

What is the percentage of total gross domestic productions ( GDP) that oil sales represent to the top ten oil producing countries?

Answer 1

a) According to Forbes, there are approx 175000 Houston, Texas based employees directly working in oil production, services and machinery and many more serves as suppliers or contractors. If we measure statewide then oil extraction workers at Houston earn 64.5% of the sectors payroll in Texas state and this is half of the U.S total. For oil services, Houston share of Texas extraction pay is almost 45.3% in U.S.

b)

Rank	Name of the country	GDP	% Oil
1	Saudi Arabia	683.82 billion	42%
2	United Sates	19.39 trillion	7.60%
3	Russia	1.58 trillion	30%
4	China	12.24 trillion	1.60%
5	Iran	439 billion	22%
6	Canada	1.65 trillion	3.20%
7	UAE	382 billion	21.90%
8	Mexico	1.15 trillion	7.20%
9	Brazil	2.06 trillion	2.60%
10	kuwait	120 billion	49.90%