Wednesday, October 31, 2012

U.S. Shale Energy Production Could Support 3.5 Million Jobs By 2035

Pretty impressive study, if it's right.  Which begs the question:  What will CA do?
The report, America’s New Energy Future: The Unconventional Oil and Gas Revolution and the U.S. Economy, finds that unconventional oil and natural gas production could produce significant growth in capital expenditures and employment, including:

• More than $5.1T in cumulative capital expenditures by 2035.
• Adding 1.2 million new jobs by 2020, and supporting a total of 3.5 million jobs by 2035.
• Almost $62B in additional federal, state and local tax receipts in 2012 and more than $111B in 2020, with a total of more than $2.5T in cumulative added revenues between 2012 and 2035.

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