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Revenues from the oil industry make up more than 90% of the state budget.
Tax credits for the energy industry make up a big chunk of the "add-ons" that were attached to the fiscal cliff bill - about $18.1 billion worth, of which $12.1 billion represents a dramatic expansion of write-offs for wind energy investments.
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In America the industry makes up more than 30% of profits.
However, most of its mining potential remains untapped: the industry makes up just 2.4% of GDP.
Damiani, although family controlled, is a public company, a rarity in an industry made up mostly of local artisans.
Barry Forman, president of Santa Fe Finishing, says the premium denim industry makes up a small part of his business.
The service industry made up some of the slack, rising by 0.8percentt, compared with 0.9percentt in the second quarter.
As a whole, the finance industry makes up nearly one-quarter of America's overall stockmarket capitalisation, up from a bit over 5% in the 1970s.
"UAL alumni have a huge influence on the fashion industry, making up more than half of the 78 labels showing at London Fashion Week this year alone.
In the country as a whole, the financial-services industry makes up about 11% of GDP (and more than twice that in Zurich and Geneva).
For example, in 1980, at the height of the energy crisis, stocks in that industry made up 27.1percentt of the index.
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