U.S. Chamber of Commerce link

Utica shale to generate 143,000 Ohio jobs, $18 billion to economy by 2020

By BOB DOWNING 
 
A new study indicates that Utica shale development now supports 38,380 jobs in Ohio and that total is expected to grow to 143,000 by 2020 and to 266,000 by 2035.
 
That analysis came today from IHS Inc., a leading global energy research group.
 
The study was co-sponsored by the U.S. Chamber of Commerce’s Institute for 21st Century Energy and other partners: the American Petroleum Institute, the American Chemistry Council, America’s Natural Gas Alliance and the Natural Gas Supply Association.
 
In addition, Ohio drilling in 2012 added $4.1 billion to the state’s economy, the report says. That total is projected to reach $18 billion by 2020, the report says.
 
Drilling also produced $911 million in 2012 in state and local tax revenue in Ohio, a total that could climb to $4.6 billion by 2020, it says.
 
"Shale energy is a game-changer for America and for Ohio," said Karen Harbert, president and CEO of the energy institute.
 
"The latest installment of this study allows us to quantify just how significant the impact on Ohio’s economy will be," she said in a statement. "It provides all the more reason to strongly support responsible shale energy development."
 
To continue reading, please visit the Akron Beacon Journal.