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Development of the Marcellus and Utica shales, along with 19 other unconventional natural gas reserves in the United States, is a bright spot in an otherwise gloomy economic picture, one analyst said Tuesday.
John Larson, vice president of IHS Global Insights and primary author of a “The Economic and Employment Contributions of Shale Gas in the United States,” said conservative predictions are that the 600,000 American jobs today in the shale gas industry will jump to nearly 870,000 by 2015.
The study, commissioned by America’s Natural Gas Alliance, set out to measure the economic contribution of the deep lying shale gas, considered an unconventional source as opposed to the more conventional, closer-to-the-surface natural gas.
IHS Global Insight is the world’s largest economic forecasting service. In business since 1959, the company looked at all aspects of the shale industry including direct, indirect and induced jobs.
Direct jobs are described by IHS as those in exploration, drilling, transportation, delivery and pipelines.
Indirect jobs are are held by those providing goods and services to the shale gas industry such as steel manufacturing, attorneys, surveyors and any number of other professions.
Induced jobs are consumption based such as restaurants and housing, jobs that exist to meet the needs of the shale gas workers.
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