UCSB Onshore Oil Industry Study

The Onshore Oil Industry provides for a significant annual economic impact in local jobs and revenue.
According to the UCSB Economic Forecast Project’s Economic Impact Study published in September of 2013:

  • For every barrell of oil produced, there is $142 in total economic benefit.
  • Onshore oil provides over 1,900 local, high paying, career jobs.
  • The overall economic impact is between $291 million and $402 million annually.
  • The County of Santa Barbara benefits with a substancial amount of tax revenue from the industry.
  • Local schools also receive a considerable abount of funding.

Read the full study HERE.

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