The People of America's Oil and Natural Gas Indusry

The Economic Ripple of U.S. Energy

Mary Leshper

Mary Schaper
Posted September 26, 2014

Benefits of Shale Boom Spreading, Study Finds

UPI: A study finding the U.S. energy boom is reaching other economic sectors gives credibility to the industry's stance, the American Petroleum Institute said.

A study from IHS Global Insight, commissioned by the Energy Equipment and Infrastructure Alliance, finds total labor income generated by employment in industries across many aspects of the energy sector supply chain could reach $60 billion in 2025. That's a 46 percent increase from 2012.

"America's rise as an energy superpower is creating an economic ripple effect of fast-paced growth, higher wages, and new jobs," API Vice President for Economic Policy Kyle Isakower said in a statement Wednesday. "API released its own survey of 30,000 vendors and supporting businesses in every single state that that help deliver affordable energy to U.S. consumers."

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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.