Natural landscape near QEP Resources environmentally friendly oil drilling.

Economic Benefits

The abundant supply of unconventional oil and natural gas resources in the United States – made possible by hydraulic fracturing – is powering a revolution with widespread benefits, including economic growth, job creation, energy security, lower energy costs, and increased government revenue, while significantly reducing greenhouse gas emissions due to natural gas. A number of studies, including the ones below, highlight these benefits.

  • America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy – Volume 1: National Economic Contributions, IHS CERA (Oct. 2012)
  • America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy, Volume 2 – State Economic Contributions, IHS CERA (Dec. 2012)
  • America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy – Volume 3: A Manufacturing Renaissance, IHS CERA (Sept. 2013)
  • Shale Gas, Competitiveness, and New U.S. Chemical Industry Investment – An Analysis of Announced Projects, American Chemistry Council (May 2013)
  • Supplying the Unconventional Revolution: Sizing the Unconventional Oil and Gas Supply Chain, IHS Global (Sept. 2014)
  • Shale Gas: A Revolution in Manufacturing?, PwC (Dec. 2011)
  • Realizing the Potential of U.S. Unconventional Natural Gas, Center for Strategic and International Studies (April 2013)
  • Consensus Report on Opportunities and Challenges for US Shale Gas Development, the Bipartisan Policy Center (Jan. 2012)
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