[thackney]

I believe there has been more growth in petrochem related to increased natural gas production than in the increased oil production.

The increase in natural gas has lead to an increase in natural gas liquids like ethane, propane and the like. Several new chemical plants are being built to take advantage of the new supply.

U.S. Gas Plant Production of Natural Gas Liquids and Liquid Refinery Gases
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MNGFPUS2&f=M

While the oil production growth has plenty of new jobs related to that production, I do not see growth downstream of that. We are basically just replacing imported oil with domestic oil. We are not see much new growth in refining.

U.S. Refinery Net Input of Crude Oil
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M_EPC0_YIY_NUS_2&f=M

[American Constitutionalist]

In other words it's displacing what we were importing with what we are able to get out of our own ground here in the US.
I don't know how much of a factor it's going to have in case Iran decides to block off the Straight of Hormuz.

[PA Engineer]

I believe there has been more growth in petrochem related to increased natural gas production than in the increased oil production.

The increase in natural gas has lead to an increase in natural gas liquids like ethane, propane and the like. Several new chemical plants are being built to take advantage of the new supply.

Agreed. Western PA and Eastern Ohio are ground zero with Hess, Sunoco, and Chevron positioning themselves in the area. Chevron is building their liquids headquarters near the airport in Pittsburgh. Sunoco has delayed their refinery-petrochem plant in Beaver Valley because of insufficient staffing and resources for another three years. Hess will be building in Ohio. There will be a lot of jobs "created" here.

My Daughter will be graduating in P&G Eng. in a little over a year. The companies are paying for internships and literally grabbing the students as they matriculate. Just have to prevent the government from once again snatching defeat from the jaws of victory.