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Facts You Should Know About Shale Energy


   Total government revenues generated by the unconventional energy supply chain will increase from more than $13 billion in 2012 to more than $16 billion in 2015 and to about $23 billion in 2025.
(Source: IHS Economics: "Supplying the Unconventional Revolution", 2014)

   Total employment across the supply chain is estimated to grow at an annual compound rate of about 3%, from about 524,000 jobs in 2012 to 757,000 jobs in 2025, a total increase of about 45%.
(Source: IHS Economics: "Supplying the Unconventional Revolution", 2014)

   Average income per employee working for shale oil and gas supply chain companies is estimated at about $79,000.
(Source: IHS Economics: "Supplying the Unconventional Revolution", 2014)

   The value of goods and services provided by the supply chain to shale energy operations will increase from nearly $146 billion in 2012 to almost $206 billion in 2025.
(Source: IHS Economics: "Supplying the Unconventional Revolution", 2014)

   Shale energy supply chain jobs account for 2% of total state employment in Texas, Louisiana, and Oklahoma. Supply chain employment accounts for 1% of total state employment in Arkansas, Colorado, and Pennsylvania.
(Source: IHS Economics: "Supplying the Unconventional Revolution", 2014)

   Shale energy supply chain workers' total incomes will grow from an total of $41 billion in 2012 to close to $60 billion in 2025.
(Source: IHS Economics: "Supplying the Unconventional Revolution", 2014)

   Natural gas from hydraulic fracturing lowered the average American's household energy bill by $1,200 in 2012, by $2,700 by 2020, and by $3,800 by 2025.
(Source: America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy; Volume 3: A Manufacturing Renaissance; IHS Global insight, September 2013)

   In March 2011, oil imports accounted for 66.2 percent of the U.S. trade deficit. In April 2014, they accounted for just 38.4 percent, due to rising U.S. crude oil production from shale.
(Source: U. S. Census Bureau)

   "Responsible development of natural gas is an important part of our work to curb climate change and support a robust clean energy market at home."
(Source: Environmental Protection Agency (EPA) Administrator Gina McCarthy, August 2013)

   Oil and gas from shale will contribute $468 billion annually to America's gross domestic product by 2020.
(Source: America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy; Volume 3: A Manufacturing Renaissance; IHS Global insight, September 2013)

   IHS estimates that total government revenues generated by the unconventional energy supply chain will increase from more than $13 billion in 2012 to more than $16 billion in 2015 and to about $23 billion in 2025.
(Source: IHS Global: The Economic Impacts of the Unconventional Energy Supply Chain, 2014)

   Natural gas prices have fallen sharply in the United States, largely because of the recent shale gas boom, and today are about one-third of import prices to Europe and one-fifth of those to Japan.
(Source: International Energy Agency (IEA); 2013 World Energy Outlook)

   Oil and gas from shale created 2.1 million American jobs in 2012; will create 3.3 million more jobs by 2020; 3.9 million more jobs by 2025.
(Source: America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy; Volume 3: A Manufacturing Renaissance; IHS Global insight, September 2013)

   The number of jobs created by the energy supply chain is estimated to grow from about 524,000 in 2012 to 757,000 jobs in 2025, an annual compounded growth rate of about 3%, and an increase of about 45%.
(Source: IHS Global: The Economic Impacts of the Unconventional Energy Supply Chain, 2014)

   Total U.S. crude oil production averaged an estimated 8.6 million barrels per day in August 2014, the highest monthly production since July 1986.
(Source: U. S. Energy Information Administration)

   The amount of labor income generated by employment across the unconventional energy supply chain will grow from $41 billion in 2012 to $60 billion in 2025
(Source: IHS Global: The Economic Impacts of the Unconventional Energy Supply Chain, 2014)

   Oil and gas from shale will lower the American trade deficit by $180 billion per year by 2022.
(Source: America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy; Volume 3: A Manufacturing Renaissance; IHS Global insight, September 2013)

   "The contrast between the United States and other large importers is striking: annual energy imports in the United States have fallen by 40% since 2008, while they increased slightly in the European Union and continued to climb in many other regions."
(Source: International Energy Agency (IEA); 2013 World Energy Outlook)

   Oil and gas from shale contributed $75 billion of tax revenues in 2012; $125 billion annually by 2020; $138 billion annually by 2025; $1.6 trillion cumulative from 2012 to 2025.
(Source: America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy; Volume 3: A Manufacturing Renaissance; IHS Global insight, September 2013)

   "Environmentalists who oppose the development of shale gas and fracking are making a tragic mistake." Richard A. Muller (University of California - Berkeley)
(Source: Why Every Serious Environmentalist Should Favour Fracking; Richard A. Muller (University of California - Berkeley) and Elizabeth Muller (Berkeley Earth); December, 2013)

   Between now and 2025, oil and gas from shale will cause over $200 billion of new investment in refining, processing, and chemical manufacturing capacity in the United States.
(Source: America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy; Volume 3: A Manufacturing Renaissance; IHS Global insight, September 2013)

   Because of shale energy development, US crude oil production has increased 50 percent since 2008, while imports have fallen about 20 percent.
(Source: U. S. Energy Information Administration)

   U. S. carbon dioxide (CO2) emissions have fallen 12% between 2005 and 2012 and are at their lowest level since 1994. This is largely due to increased use of natural gas for power generation.
(Source: U. S. Energy Information Administration, August 2013)

   Between 2006 and 2011, proved US lower 48 reserves of dry natural gas have been increased from 200 trillion cubic feet (TCF) to 324 trillion TCF.
(Source: U. S. Energy Information Administration)

   In the three years since 2010, oil output from Texas and North Dakota has grown 119% and 177%, respectively.
(Source: U. S. Energy Information Administration)

   Total crude production in 2013 rose 15% to 7.4 million barrels per day, and is expected to average 8.5 million in 2014 and 9.3 million in 2015, according to the EIA, the analytical arm of the Department of Energy
(Source: U. S. Energy Information Administration)

   From 2010 to 2013, Colorado's oil production grew 93%, thanks to vast amounts of crude oil in the Niobrara Shale.
(Source: U. S. Energy Information Administration)



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National Energy Policy Needed

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Media

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