Turning the Tide with Phoenix Capital Group: The Strategic Importance of U.S.-Based Oil and Gas Investments

More than 5% of Americans are employed in the Oil & Gas industry. The United States processes over 12 million barrels of crude oil per day, keeping American families busy maintaining the operations and surrounding the industry. The employment footprint grows even larger when you include investment companies in the space, such as Phoenix Capital Group.

The three largest producers of crude oil globally are the United States, Russia, and Saudi Arabia. In terms of natural gas, the top two producers remain the same, with Iran ranking third. The United States, processing over 12 million barrels of crude oil per day as of September 2023, sustains a colossal industry that serves as a significant employer, supporting over 5% of the American workforce. When considering oil and gas investment firms like Phoenix Capital Group, the number of employed Americans in this sector expands even further. Oil and gas are undeniably fundamental pillars of U.S. employment.

U.S. Oil and Gas Landscape Overview

The United States became a net energy exporter in 2019 and is currently the largest producer and one of the largest exporters of oil in the world. The infrastructure supporting a modern domestic oil and gas industry provides energy security and resilience as a nation.

The United States is very well situated. With some of the most diverse landscapes available in a single region—from mountains and plains to vast lakes and rivers—we have an abundance of natural resources, which are in demand internationally.

Since becoming a net energy exporter in 2019, the U.S.’s energy security has also improved. Modern infrastructure means oil and natural gas are extracted more efficiently, and the electrical grid is more resistant to weather and potential cyber-attacks.

Even during economic downturns such as COVID-19, the U.S. oil and gas market has remained steadfast and even returned stronger. During 2023, U.S. production fulfilled the energy demand at home and surpassed records only three years after the pandemic’s onset.

As the largest producer and one of the largest exporters of oil, the U.S. oil and gas industry is globally relevant and offers many advantages to American citizens, including the opportunity to invest with companies such as Phoenix Capital Group.

The Economic and Political Benefits of Domestic Production

Through continuous innovation (and despite global instability), the United States has met and exceeded domestic energy demands. We have also provided supply via exports, lowered methane emissions, and become the largest liquified natural gas (LNG) exporter in the world.

It’s clear that, despite advancements in renewable energy, there is still a large demand for oil and gas both at home and globally. And with Phoenix Capital Group and other investment companies, it’s also clear there are ripe opportunities to invest in U.S. oil and gas.

Domestic oil and natural gas production comes with many benefits: the employment of millions of Americans, the generation of billions of dollars in wealth, independence from foreign exporters, and more. From upstream production jobs such as well operators and oil field workers to downstream refinery jobs such as process engineers and sales managers, many citizens rely on the oil and gas industry for their livelihood. That plethora of jobs provides high value, generates billions for the economy, and drives 7.6% of the U.S. GDP.

Additionally, a strong domestic production base enhances a country's international influence. Economic strength is often linked to geopolitical influence, and nations with robust domestic production are better positioned to engage in global economic and political affairs. Being the world’s largest exporter of oil and gas comes with many benefits.

Perhaps the most important is achieving independence from other high exporters of oil. Without reliance on international producers, countries cannot use their oil and natural gas exports as bargaining chips to influence U.S. policy or actions.

Ultimately, the oil and natural gas industry is critically important both domestically and on the world stage. For this reason, working alongside investment companies like Phoenix Capital Group, which contribute to the industry, is also important. Countries that invest in oil and gas and meet their energy needs alone have a leg up on other nations—but countries that also export for profit benefit from the revenue and the political power it endows.

About Phoenix Capital Group

Founded in 2019, Phoenix Capital Group Holdings, LLC is a prominent oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States. The family-owned company is a technology-led and client-centric organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.