According to ShaleNOW.com, a recent study completed by IHS Global found that by 2015 shale gas will support around 870,000 jobs in the United States. That’s a huge contributor to the economy and a sign that energy production has a bright future in America.
The report focused on the growth in investment in oil and gas transportation and storage infrastructure and the resulting economic impacts in terms of associated employment growth, contribution to GDP and tax revenue.
IHS estimates that in 2014 “$85-$90 billion of direct capital will be allocated toward oil and gas infrastructure” in the U.S. IHS further estimates that more than “$80 billion will be invested annually in U.S. midstream and downstream petroleum infrastructure.” While the IHS’s projections are impressive, the report highlights a bourgeoning interest in the U.S. in shale gas production.
Another interesting fact from the report is that even back in 2010 shale gas supported more than 600,000 jobs!