Shale Energy Still Bullish for 2015

A recent study done by the IHS Global, discovered shale gas will support around 870,000 jobs in the U.S by the end of 2015.  While the numbers alone indicates shales massive contributions to the U.S. workforce, the trend also signifies a bright outlook for energy production in America.

"The report focused on the growth in investment in oil and gas transportation and storage infrastructure and the resulting economic impacts in terms of associated employment growth, contribution to GDP and tax revenue.

IHS estimates that in 2014 “$85-$90 billion of direct capital will be allocated toward oil and gas infrastructure” in the U.S. IHS further estimates that more than “$80 billion will be invested annually in U.S. midstream and downstream petroleum infrastructure.” While the IHS’s projections are impressive, the report highlights a bourgeoning interest in the U.S. in shale gas production." 

In addition to the amount of workforce that is projected to grow in 2015, shale has long been a reliable contributor to the U.S. economy and workforce.

Even as far back as 2010 over 600,000 jobs were being supported by shale gas. Despite energy production off to a volatile start for the end of 2014 and start of 2015, shale energy looks to be one industry that has a bright, reliable outlook for many American jobs!