SLIDESHOW: You Have To See The Amazing Future For Economic Growth That Lies Ahead For The US Energy Industry

By @gmorcroft g.morcroft@ibtimes.com on
Oil Rig Penn 2013 2
Roughnecks wrestle pipe on a True Company oil drilling rig outside Watford, North Dakota, October 20, 2012. Thousands of people have flooded into North Dakota to work in state's oil drilling boom. Reuters

Last month the American Petroleum Institute published its outlook for US energy industry growth in coming years in a study authored by IHS Global and entitled Oil & Natural Gas Transportation & Storage Infrastructure: Status, Trends, & Economic Benefits.

The study concludes, among other things, that 

The economic impact analysis was generated based on average annual investment levels over the 2014-2025 forecast horizon. 

 
IHS anticipates that, under the base case scenario, the infrastructure investment will lead to 
average annual economic contributions over the 2014 to 2025 period of: 
 Support for almost 900,000 jobs; 
 Contribution to US GDP of $94 billion; 
 Labor Income of $59 billion; 
 Government Revenues in excess of $21 billion. 
Under the high production scenario these contributions will increase to: 
 Support for almost 1,147,000 jobs; 
 Contribution to US GDP of $120 billion; 
 Labor Income of $75 billion; 
 Government Revenues in excess of $27 billion. 

 
Here are the results in a series of stunning charts.
 
  

ihs28 Chart 26  IHS Global
ihs1 Chart 1  IHS Global
IHS2 Chart 2  IHS Global
IHS3 Chart 3  IHS Global
IHS4 Chart 4  IHS Global
IHS5 Chart 5  IHS Global
IHS6 Chart 6  IHS Global
IHS7 Chart 7  IHS Global
IHS8 Chart 8  IHS Global
IHS9 Chart 9  IHS Global
IHS10 Chart 10  IHS Global
ihs11 Chart 11  IHS Global
ihs12 Chart 12  IHS Global
IHS13 Chart 13  IHS Global
ihs14 Chart 14  IHS Global
ihs15 Chart 15  IHS Global
ihs16 Chart 16  IHS Global
ihs17 Chart 17  IHS Global
ihs18 Chart 18  IHS Global
ihs21 Chart 19  IHS Global
ihs22 Chart 20  IHS Global
ihs23 Chart 21  IHS Global
ihs24 Chart 22  IHS Global
ihs25 Chart 23  IHS Global
ihs26 Chart 24  IHS Global
ihs27 Chart 25  IHS Global

 
 

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