Thursday, December 15, 2011

Report: Abundance of Shale Gas Resources May Spark Manufacturing Renaissance, 1M New Jobs

The abundance of shale gas resources may spark a U.S. manufacturing renaissance with economic benefits that include cost savings, greater investments to expand U.S. manufacturing facilities and increased levels of employment, according to a new report released today by PwC titled, Shale Gas: A renaissance in US manufacturing?.

"Manufacturers and communities throughout the country are beginning to see and recognize the real economic benefits of shale gas," said National Association of Manufacturers President and CEO Jay Timmons. "Shale gas development is a bright spot in our economy and it has the potential to boost manufacturing employment by one million jobs, which are badly needed."

Click to see the report.