The second phase of a comprehensive new study co-sponsored by the U.S. Chamber’s Institute for 21st Century Energy has been released, highlighting the benefits that shale energy will have on America’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.
According to the study, shale energy has created the most jobs in Texas (576,000), Pennsylvania (102,600), California (96,500), Louisiana (78,900) and Colorado (77,600)—all states that produce unconventional oil and gas. By 2020, Texas (929,400), Pennsylvania (220,600) and California (153,600) will still lead the way, but they’ll be followed by Oklahoma (149,600) and Ohio (143,600).
“Shale energy is a game-changer for America,” said Karen Harbert, president and CEO of the Energy Institute. “The latest installment of this study allows us to quantify just how significant the impact on each state’s economy will be. While states that produce unconventional oil and gas are benefiting immensely, this study also demonstrates that even most states that do not have oil and gas production are seeing a boost to their economy.”