News
Study Predicts 65,000 Jobs From Shale Drilling
By: Associated Press
Posted on:
An academic team enlisted by Ohio's business sector is predicting in a new study that oil and gas drilling will mean 65,000 jobs and an almost $4.9 billion increase in the state's economy by 2014.
Findings of the eight-month study were released today. It was commissioned by the Ohio Shale Coalition, a partnership of energy interests spearheaded by the Ohio Chamber of Commerce, amid a boom in shale drilling in the state.
Economics, energy and geology experts from Cleveland State University, Ohio State University and Marietta College's Department of Petroleum emphasized their methods were conservative.
The employment projection includes both new and retained jobs, 16,000 in the service sector. That sector includes hotels, restaurants, doctors and other personal services.
Legislators planned a response later today.