The People of America's Oil and Natural Gas Indusry

American Energy a Winning Strategy for America

Mary Leshper

Mary Schaper
Posted December 12, 2014

Report: ‘Shale Effect’ Saving Manufacturers More Money than Expected

Pittsburgh Business Times: It's no secret that the shale energy boom is having an impact on the manufacturing sector, but according to a report released Thursday by PwC US, that impact may be bigger than expected.

As a result of the surge in shale gas production, the firm increased its forecast on cost savings and long-term employment gains in domestic manufacturing. According to the report, PwC estimates the "shale effect" could bring an annual cost savings of $22.3 billion by 2030, assuming a high natural gas recovery and low price scenario.

In terms of job creation, PwC estimates continued shale activity will create 930,000 shale gas driven manufacturing jobs by 2030 and 1.41 million by 2040. 

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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.