So says IHS’s report on the economic impact shale which has tallied up the benefits coming from shale oil & gas exploration & extraction.
In their latest report on the economic benefits of the shale revolution, the global research firm IHS makes a number of encouraging findings. IHS estimates that the unconventional oil and gas value chain already supports over two million jobs, is responsible for $1,200 in average additional net income per household and is contributing nearly $300 billion to GDP. The most promising finding for manufacturers is that the best is yet to come. Looking at just one manufacturing sector, the chemical manufacturing sector, capital investments in new plants and expansion at existing plants is expected to more than triple in just four years.
These estimates are not theoretical; they are largely based on real projects that are already under development, some of which are identified in the report. Similar growth is expected in several manufacturing sectors, which collectively will drive more production, create more jobs and further fuel the economy.
Of course, the Gaia worshippers want nothing to do with this real economic boon, and keep pretending that the heavily subsidized and failure prone green energy sector is where all the good stuff is. Dreams are just that: dreams. As I told some leftard that kept telling me he wished the green energy sector would show how great it was already earlier today: shit in one hand and keep making that idiotic wish in the other, and see which one fills up first.