President Obama’s Treasury Secretary Timothy Geithner recently offered an interesting assessment of the state of the U.S. economy – one worth remembering as we debate the future of energy policy. “The economy now is actually looking quite resilient,” Geithner told NBC News, before adding that two of the biggest reasons are domestic oil and gas production and domestic manufacturing. “If you look at what’s happening in energy, enormous boom,” Geithner said. “In manufacturing, [the country is having] one of the strongest periods in manufacturing revival that we’ve seen in almost a generation.”

A new report from the Congressional Research Service (CRS) examines the numerous avenues for economic growth resulting from American natural gas development, especially from shale. Thanks to a combination of factors – large resource base, affordability, environmental benefits, and manufacturing demand – natural gas is at the center of an economy built for the future.

At the end of 2011, IHS CERA released a report on the enormous benefits being created by natural gas development across the United States. This past summer, a second installment of the IHS CERA study found that, by 2015, responsible natural gas production from shale and other “tight” reservoirs will create an astounding 1.5 million jobs. Now, just months later, IHS has released its latest report – a comprehensive and exciting compilation of America’s energy awakening, undoubtedly thanks to shale.

Back in December 2011, PricewaterhouseCoopers (PwC) released a report on the major impact shale development was having on American manufacturing. The report, “Shale Gas: A Renaissance in US Manufacturing?” highlighted how affordable, domestic supplies of natural gas will save U.S. manufacturers more than $11 billion per year over the next decade, create one million new jobs during that same period, and increase disposable income for each household in the United States by as much as $2,000 per year. Now, nearly a year later, PwC has released a new report, “Shale gas: Reshaping the US chemicals industry,” focused on the direct impact of shale development on North America’s chemical industry.

Ohio’s Utica Shale received national attention Thursday for putting eastern Ohio’s economy back on track. NBC and CNBC featured Youngstown, Canton, and more of Utica Shale country on three different platforms yesterday as a part of their “Invest in America” series. First, CNBC’s Jim Cramer appeared on the “Today” show to discuss Utica Shale development and how it’s transforming the state. Later on, he broadcasted his program “Mad Money” live from Timken’s Faircrest Steel Plant in Canton. Throughout the day, CNBC’s Phil LeBeau reported live from Youngstown, including an appearance on the “NBC Nightly News with Brian Williams” at 6:30.

Last week, the state of Vermont made news by signing a ban on hydraulic fracturing into law -- on the basis that such a law was necessary to protect the state's clean water resources. Aside from the irony of the Governor's support for increased natural gas use, the facts clearly show that hydraulic fracturing poses no threat to ground water.

Just last fall ABC News covered Steubenville in a story about the emerging shale development and how it could revitalize Jefferson County’s ailing economy. Fast forward to today, over 11 companies associated with shale development have now made Jefferson County their home including a major shale developer. These 11 companies are providing or projected to provide over 500 jobs in the county.

Today we celebrate the most important day in our nation’s history, our Independence Day, when the founding fathers signed the Declaration of Independence in Philadelphia, Pennsylvania. It was the day that changed us from colonists to Americans and proud citizens of the United States. Today,...

We've heard a lot about what the development of natural gas from shale is doing for the American economy: hundreds of thousands of jobs, lower prices for consumers, and a rebirth of domestic manufacturing. But now experts say shale will also facilitate the creation of a cutting edge technology: hydrogen fuel cells.

With vast, untold resources thousands of feet below the surface, Ohio is experiencing an industrial renaissance that’s reigniting the state’s manufacturing base and growing the economy. Across the state, we are seeing ribbon-cutting ceremonies for new manufacturing facilities, expansion projects, and hiring announcements due to shale activity. The Utica Shale’s potential is having a direct and immediate impact in job creation, which in turn has revitalized industries and communities across the state.

Fueled by abundant and affordable supplies of natural gas from the Marcellus and Utica Shales, the chemical industry is experiencing an economic renaissance that will help grow Ohio’s manufacturing base. Ohio’s chemical manufacturers are critical to finding solutions to the challenges of economic growth, jobs and energy security. If we adopt policies that maximize energy and chemical feedstock production, we can encourage job creation and community revitalization in the state.