Energy Tomorrow Blog

Energy is an Economic Dynamo

economic impacts  jobs creation  drilling  oil and natural gas development  cost of energy 

Mark Green
Posted December 23, 2013

Every now and then we see items questioning the economic impact of domestic oil and natural gas development from a jobs standpoint. As we’ve pointed out, industry’s benefit to the country isn’t measured just in direct oil and natural gas employment. Its positive impact must be seen in jobs and economic activity that otherwise wouldn’t exist, as well as benefits to consumers. More supporting evidence:

Investment – A new API survey on drilling costs found that about $153.7 billion was invested in drilling in 2012, a 23.1 percent increase over 2011.

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The Energy ‘Bucket’

natural gas  energy regulation  economic impacts  domestic oil  domestic energy production  access 

Mark Green
Posted November 29, 2012

From where he sits – literally, right across Lafayette Square from the White House – the U.S. Chamber’s Tom Donohue sees increased production of domestic oil and natural gas as the ace card in the high-stakes game policymakers are playing concerning the nation’s fiscal health

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New Study: Marcellus Shale = 280K New Jobs, $6 Billion Revenue

domestic energy  hydraulic fracturing  marcellus  marcellus natural gas  marcellus production  natural gas  new york  penn state natural gas study  pennsylvania natural gas  west virginia  economic impacts of marcellus 

Jane Van Ryan
Posted July 21, 2010

Natural gas production in the Marcellus Shale could generate nearly $6 billion in government revenue, 280,000 new jobs and more than 18 billion cubic feet of clean-burning natural gas per day, according to a new study.

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Study: Marcellus Shale - Enormous Economic, Energy Potential

domestic energy  economic impacts of marcellus  marcellus  marcellus shale coalition  natural gas  penn state natural gas study  pennsylvania  pennsylvania natural gas  penn state 

Jane Van Ryan
Posted May 26, 2010

A new Penn State study says the development of clean-burning natural gas in Pennsylvania's Marcellus Shale formation could create 212,000 new jobs during the next 10 years and generate more than $1.8 billion in state and local tax revenues during the next 18 months. 

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