Posted September 4, 2013
U.S. Energy Lifting Economy More Than Expected
USA Today: Newly found sources of domestic oil and natural gas are having an even bigger impact on the economy than first projected, adding more than $1,200 last year to the discretionary income of the average U.S. family, a new study says.
The explosion in domestic energy production now supports 1.2 million jobs, directly or indirectly, says consulting firm IHS, in a study released Wednesday. That number will grow to 3.3 million by 2020, and new energy's contribution to U.S. families' disposable incomes will hit $2,000 per household per year by 2015, said IHS.
Read more: http://usat.ly/13eFEFC
More industry news:
- White House Credits Oil Production with Improving Economy: http://bit.ly/13eEWZe
- A Shrinking U.S. Trade Deficit – Brought to You be Fracking: http://buswk.co/19iheMy
- Forget ‘Saudi America’ – Here Come ‘Qatari America’ http://read.bi/17uN5pM
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.