A private study on the socio-economic impacts shale gas drilling is projected to have in New York State shows hydraulic fracturing will create some 54,000 jobs and result in $2.5 billion in economic activity. The report, titled “Economic Assessment Report for the Supplemental Generic Environmental Impact Statement on New York State’s Oil, Gas, and Solution Mining Regulatory Program,” was commissioned by the New York Department of Environmental Conservation (DEC) and researched and written by Ecology and Environment Engineering, P.C. A full copy is embedded below.
Hydrofracking could create a bonanza of nearly 54,000 jobs and $2.5 billion in economic activity in New York, according to a report released yesterday by state environmental regulators.
Drilling for natural gas in the upstate Marcellus Shale would create 24,795 direct full-time jobs, including 17,634 construction jobs when well construction hits its peak, the Department of Environmental Conservation report projected.
That’s apart from another 29,174 “indirect” jobs, such as food-service workers and parts suppliers, according to the DEC’s revised environmental-impact statement.
The industry could generate $24 million to $125 million in annual income tax.*
*New York Post (Sep 8, 2011) – Hydrofracking to spur job boom: state