Shale Report Shows Greatest Benefits to Manufacturers are Still to Come

By September 6, 2013Economy, Energy

In their latest report on the economic benefits of the shale revolution, the global research firm IHS makes a number of encouraging findings. IHS estimates that the unconventional oil and gas value chain already supports over two million jobs, is responsible for $1,200 in average additional net income per household and is contributing nearly $300 billion to GDP. The most promising finding for manufacturers is that the best is yet to come. Looking at just one manufacturing sector, the chemical manufacturing sector, capital investments in new plants and expansion at existing plants is expected to more than triple in just four years.

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These estimates are not theoretical; they are largely based on real projects that are already under development, some of which are identified in the report. Similar growth is expected in several manufacturing sectors, which collectively will drive more production, create more jobs and further fuel the economy.

Greg Bertelsen

Greg Bertelsen

Senior Director of Energy and Resources Policy at National Association of Manufacturers
Greg Bertelsen is the director of energy and resources policy at the National Association of Manufacturers (NAM). Mr. Bertelsen oversees the NAM’s environmental policy work and has expertise on issues ranging from air quality, climate change, energy efficiency, major EPA regulations and the rulemaking process.Mr. Bertelsen’ s background includes legal, policy and government relations experience on a range of key energy and environmental issues. Mr. Bertelsen received his JD from American University and his undergraduate degree from Dickinson College.
Greg Bertelsen

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