This study presents the economic contribution of the shale gas industry – today and in the future. It does so in terms of jobs, economic value, and government revenues. The research demonstrates how the development of new sources of natural gas from shale formations has changed the US energy outlook and the economy. In 2010, shale gas represented 27% of US natural gas production. Within the next five years, this share will grow to 43% and is expected to increase to 60% by 2035. This natural gas “Shale Gale” has the
potential to support more than 1.6 million jobs and contribute more than $230 billion to GDP in 2035. On a cumulative basis, it could generate more than $933 billion in federal, state and local government tax revenues and federal royalty payments over the next 25 years.
