Growth in unconventional oil and natural gas activity is transforming America's energy future and strengthening its overall economy in terms of jobs, government revenues, and gross domestic product, according to a recent report from IHS. The report, entitled "America's New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy, Vol. 3," extends on the initial analysis to include the full value-chain associated with the unconventional revolution: from drilling and refining to petrochemical supplies and manufacturing.
According to the report:
Unconventional oil and gas and energy-related chemicals activity currently support 2.1 million jobs and will support m...