Energy Boom Has Created 450,000 Jobs
July 8, 2014
The shale energy revolution in America, which began less than 10 years ago, has created more than 450,000 jobs, reports the Desert Sun.
Toby Mack, President and CEO of the Energy Equipment and Infrastructure Alliance (EEIA), recently testified in front of the House Energy and Mineral Resources Subcommittee, explaining that the shale revolution is cutting energy costs and making the U.S. manufacturing sector increasingly more competitive.
New research conducted for the EEIA suggests the energy boom will continue to produce growth, creating more than 300,000 new jobs in the sector by 2025.
- Businesses across the shale energy supply chain -- from manufacturing to logistics to construction -- will benefit from this growth, from manufacturing to logistics to construction.
- Furthermore, the benefits of shale oil and gas development will not be limited to states producing energy, the study finds. Over 120,000 of the new jobs created by 2025 will be in states that are not energy producers.
While remaining optimistic about the contribution of the shale energy supply chain to the American economy, Mack warned that the government must not restrict shale energy production.
Source: Morris Beschloss, "Booming Shale Energy Supply Sectors Supporting 450,000+ U.S. Jobs," Desert Sun, June 30, 2014.
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