Shale Gas Benefits for the Economy, Jobs and U.S. Manufacturing
A one-time $16.2 billion investment in a new petrochemicals plant would lead to a 25% increase in U.S. petrochemicals capacity and $32.9 billion in additional chemical industry output.
Growing natural gas production bolsters this nation’s energy security, helping cut our share of oil consumption met by imports from more than 60 percent in 2005 to 47 percent in 2010.
The benefits of natural gas give U.S. chemical manufacturers a global competitive edge, turning a $140 million trade deficit two years ago into a $4.6 billion surplus in 2010.
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