New Study Predicts 65K Jobs in Ohio by 2014 from Utica Shale
The Ohio Shale Coalition released a new economic study yesterday prepared researchers from Cleveland State University, Ohio State University and Marietta College. The study projects annual production of oil and gas from the Utica Shale in the state will reach $9.6 billion by 2014 along with an eye-popping 65,000+ jobs. And those jobs will have an average salary of more than $50,000 per year, adding an additional $3.3 billion in labor income in the state. Both a high level overview and a copy of the full 81-page report are embedded below. (MDN is honored to have scored a few mentions in the “News Articles and Web Sources” section of the study.)
MDN particularly likes this graphic from page 39 showing net acreage leaseholds held by drilling companies:
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Last night, President Barack Obama delivered his State of the Union address to Congress. Energy and natural gas played a big role in the speech. In particular, Obama acknowledges the jobs-generating power of natural gas drilling, saying it can generate 600,000 jobs by the end of this decade. He also mandated a requirement that gas drillers on public lands disclose the chemicals they use. (Disclosing fracking chemicals is already the law in five states and mostly enforced in a sixth—