Shale gas, profound economic impact, creating jobs, reducing consumer costs of natural gas and electricity, stimulating economic growth and bolstering federal, state and local tax revenue
Employment in Shale Gas Industry to Greatly Increase
IHS Global Insight released a study showing that shale gas production will continue to grow and people employed in the shale gas industry will increase by 1 million by 2035. The study entitled "The Economic and Employment Contributions of Shale Gas in the United States" expects shale gas to represent 60 percent of total U.S. natural gas production by 2035, up from 27 percent in 2010.[ia] Those numbers are staggering when as recently as five years ago, forecasters were predicting that the United States would need to import liquefied natural gas to meet its natural gas demand. Instead, if the government will permit it, the United States may export liquefied natural gas overseas due to its abundance and low prices.
