In October 2011, global research company IHS released the first (of three) volumes in a new study titled America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy (see Shale Drilling will Create 3.5M Jobs, $5.1T in Investment). In December 2012, they released the second volume (see New Report: Fracking Creates Jobs in States with No Drilling). Today, September 4, 2013, IHS releases the third and final volume, which deals with the manufacturing renaissance currently under way because of shale gas and oil (see it below).
The surprise finding in this latest research study: Because shale oil and gas have lowered the cost of energy by so much in America, lower costs are passed along to consumers not only in lower utility bills, but also in lower costs for manufactured goods because the cost of manufacturing has decreased (from lower energy bills). All told, the average household in America saved $1,200 per year in 2012–a number that will grow to $2,000 per year by 2015 and $3,500 by 2025. Bottom line: Every single citizen in this country is benefiting–right now–from the shale revolution. This is not “just a few farmers and drillers get rich” phenomenon. We all realize a significant monetary benefit from shale…
