Zain Shauk of the Houston Chronicle reports on an ANGA sponsored study that predicts a huge upswing in jobs created and economic contributions made over the next few years thanks to the booming shale gas industry.
“The shale gas boom will account for nearly 1.5 million new jobs by 2015, employing hundreds of thousands of workers across 48 states even though some companies are cutting back on production, according to a study released this week.
Soaring investment in unconventional gas production accounted for 1 million jobs in 2010 and will continue to have an effect on the national economy, contributing $197 billion to annual U.S. gross domestic product by 2015, according to the report by research and analysis firm IHS Global Insight. That total will increase to $332 billion by 2035, the report indicates.
Job growth related to unconventional gas production, in both producing and nonproducing states, will increase to 2.4 million by 2035, according to the research.
The independent study was commissioned by the industry-backed America’s Natural Gas Alliance and is part of a series on unconventional gas — developed from shale, coal-bed methane and tight sands — by IHS Global Insight, which is based in Englewood, Colo.”