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Fracking Will Drive Jobs, Revenue, Growth

30 Oct 2012

Fracking Will Drive Jobs, Revenue, Growth

The explosion in U.S. unconventional oil and gas drilling could create 3.5 million jobs, $2.5 trillion in tax revenues, and more than $5.1 trillion in capital expenditures by 2035, according to a study out today by the analysis firm IHS Global Insight. The study will add more fodder to a presidential campaign in which energy, jobs, and energy-related jobs have been central themes. Both President Obama and Mitt Romney have seized on the boom in shale gas and oil—dubbed the “shale gale” by energy analysts—in each man’s quest to persuade voters that he’d create more jobs if elected in November.

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