Can the Natural Gas Sector Save the US Economy?

Wednesday, June 20, 2012

It may not pique the public’s interest quite like finance or information technology, but it just could just save the U.S. economy.

“Energy is always a key player in the economy and because producers have been able to make these advances in technology and efficiency improvements, shale gas could be a very significant driver for the economy going forward,” says Rocco Canonica, director of energy analysis at Bentek Energy, an energy market research firm in Evergreen, Colo.

A 2011 PricewaterhouseCoopers report estimates that U.S. chemical, metal and industrial manufacturers could employ approximately 1 million more workers by 2025 due to benefits from affordable energy and demand for products used to extract natural gas.

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