2012
Jun
18

Energy Production Equals Economic Growth

The United States is coming to the realization that shale energy production is becoming one of the most lucrative fields and an area with the potential to produce thousands of jobs for Americans.

Ohio is one of the nations biggest oil producing states and is now also on it's way to being one of the largest producers of natural gas as well.  Studies show that in Ohio alone, an estimated 65,000 jobs will be created and 4.9 billion added to the state's GDP by 2014.    Pennsylvania is also providing an example by providing 72,000 jobs in a year and a half between the end of 2009 and the beginning of 2011. 

 The increase in oil and natural gas production are providing a gateway to a new era.  Local mineral leases are being purchased, buildings and plants are being erected, and staff are being hired to support production.  President Obama predicts  the growth in shale gas production will lead to 600,000 new jobs by 2020.

Regulations in this sector need to be re-evaluated in order to ensure the continuing safety and responsibility in natural gas production, and allowance for the ease of transitioning into this new and growing field.  With the increase of shale energy production, consumers can expect huge savings in the near future.  

For more information, read the article here:

http://thehill.com/special-reports/ohio-energy-summit/225143-energy-production-the-key-to-prosperity  


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