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

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.