Shale Gas is Great for the Economy

We’ve mentioned before that the abundance of shale gas is good for industry, as natural gas is a major source of energy for industry.  We went looking for an article that shows just how good shale gas is for industry, and found several that are right on point.

Sterling Burnett, writing for the Heartland, explains how chemical plant construction is coming back to the U.S. because of cheap natural gas.  Steve Goldstein over at MarketWatch says that the plastics industry alone will directly generate 127,500 new jobs in the next decade.  Matthew V. Veazey over at RigZone describes the kinds of jobs that will be available at LNG facilities when they are built, of which five are likely.  The jobs at the facilities are not the only benefits, as shipping LNG worldwide will increase royalties and jobs in the “oil patch”.

Giles Parkinson over at CleanTechnica says that electricity rates for consumers are not going down, but they’re also not going up as much as they otherwise would.  And of course, those who use natural gas to heat their homes will see direct benefits from the low cost.