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.
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?