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GAO-12-896R 1 (2012-08-02)

handle is hein.gao/gaobacgkd0001 and id is 1 raw text is: Accountaybiliti Integrity - Reliability United States Government Accountability Office Washington, DC 20548 August 2, 2012 The Honorable John D. Rockefeller IV Chairman The Honorable Kay Bailey Hutchison Ranking Member Committee on Commerce, Science, & Transportation United States Senate The Honorable Fred Upton Chairman The Honorable Henry Waxman Ranking Member Committee on Energy and Commerce House of Representatives The Honorable John L. Mica Chairman The Honorable Nick J. Rahall Ranking Member Committee on Transportation and Infrastructure House of Representatives Subject: Ownership by Minority, Female, and Disadvantaged Firms in the Pipeline Industry The U.S. pipeline industry is large and dynamic. In 2007, the most recent year for which industry-wide data are available, approximately 2,500 firms operated and constructed natural gas and hazardous liquid pipelines in the United States. These firms generated almost $200 billion in receipts1 and employed approximately 275,000 workers. There are currently more than 2.5 million miles of pipeline across the country, and recent shale oil and gas exploration has spurred construction of new pipeline infrastructure, as some firms take advantage of improved drilling technologies to access large volumes of oil and gas found in fine-grain sedimentary rocks. 1According to the U.S. Census Bureau, the term receipts reflects dollars received by firms after merchandise refunds and other deductions. Receipts do not include sales and other taxes collected directly from customers and paid directly to a local, state, or federal tax agency. GAO-12-896R Diversity in Pipeline Ownership

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