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Lompoc Record | June 15, 2014 | by Jim Bray
Let’s further explore the economic impact of the local oil industry. According to a September 2013 UCSB Economic Forecast, the total impact of the onshore oil and gas industry in the county in 2011 was $291.4 million. That’s not pocket change. Also, the average oil and gas employee in the county earns an annual salary between $75,000 and $100,000, far above the median household income of $58,000 in Santa Barbara County in 2011.
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