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.