We all know oil and gas provide jobs for Americans, but a recently released study conducted by PricewaterhouseCoopers (PwC) for the American Petroleum Institute (API) shows just how many jobs: 10.3 million. That’s the number of U.S. jobs supported by oil and gas across all...
This week, the United States Chamber of Commerce released the fourth installment in its Institute for 21st Century Energy’s Energy Accountability Series, which looked at what would happen if fracking were to be banned nationally. Let’s just say the results aren’t pretty. According to the...
A new report released today from the US Chamber of Commerce entitled “What if America’s Energy Renaissance Never Actually Happened?” outlines the huge impact shale development has had on the United States, and particularly in Pennsylvania and Ohio. The report finds that without our energy...
Plans have been underway for years for Shell to build an ethane cracker plant in the region due to the abundance of shale gas in Pennsylvania, West Virginia and Ohio. Back in March 2012 the company announced that the facility would be located in Beaver...
Florida’s oil and gas industry has operated safely —mostly unnoticed by residents and tourists—for decades. And while no hydraulic fracturing (“fracking”) is currently happening in the state, activists have jumped at the opportunity to push misinformation in an effort to prevent it from ever happening...
It’s no secret by now what the shale gas (and oil!) renaissance made possible by the deployment of advanced hydraulic fracturing technology has done for the nation’s economy, its geopolitical position, and the millions of consumers and manufacturers who continue to benefit from historically low...
The CEO of the Thai chemical company, PTT Global Chemical Public Company Ltd paid a visit to Columbus, Ohio last week to announce plans to construct a proposed $5.7 billion ethane cracker plant in southeastern Ohio. The first phase of the project will require $100...
A new report from the Harvard Business School, released this week, has concluded what Americans have long realized: that shale development has been a “game changer” and is a “win-win” for the economy and the environment. As the report points out, unconventional drilling contributed more...
A Bloomberg New Energy Finance (BNEF ) short-term energy forecast finds that electricity-related carbon emissions are dropping to their lowest levels since 1994. That’s due in large part to the fact that power plants are likely to burn natural gas at a record rate in...
UPDATE (3/17/2015; 5:35 pm ET): Last week, during a breakfast presentation, the Washington County Chamber of Commerce unveiled its annual economic update for Washington County, Pennsylvania – the “Energy Capital of The East.” The report showed that shale development continued to boost the county’s economy through 2014....
A new report prepared for the American Chemistry Council (ACC) showcases the positive impact of the U.S. shale revolution on manufacturing and our economy. According to the report’s key findings: Gross exports of shale gas derived chemical products will double from $60 billion in 2014...
As EID reported last week, the unemployment rate in shale counties has fallen at a staggering rate. This past weekend, Team Northeast Ohio released a report with some additional numbers, which fall right in line with the trends EID highlighted, and provide projections for further...