Wednesday, December 19, 2012

U.S. Chamber Study: Shale Energy to Create More Than 29,000 Jobs in W.Va.

The second phase of a comprehensive new study co-sponsored by the U.S. Chamber’s Institute for 21st Century Energy was released today, and the study highlights the benefits that shale energy will have on West Virginia’s economy over the coming years. IHS, a leading global energy research firm, is conducting the three-part study to examine the economic impact of shale energy exploration and production across the country. Part one of the report, which focused on the national benefits, was released last month.

According to the study, shale energy production has already created more than 11,800 direct, indirect and induced jobs in West Virginia and is projected to support 29,600 jobs by 2020.  In addition, shale energy development will generate $283 million in state and local government revenue in 2012 alone and could be generating $884 million a year by 2020 alone.

Article - http://www2.wsls.com/business/2012/dec/19/west-virginia-shale-gas-development-may-create-290-ar-2425416/