The Economics of Fracking

askmeaboutfracking.com the economics of fracking A look at the economic benefits of hydraulic fracturing. 2.35 local jobs are created for every $1 million invested in gas production Fracking has been estimated to save US families $32.6 billion in annual home heating bills. +$75 and state billion revenues added in federal : +$283 fracking's contribution to billion the GOP +$1200 fracking's +40% General contribution to the household income employment in thẻ oil and gas industry from 2007-ž013 more money circulating in the economy more jobs in towns and areas that áre financially struggling shipping /industry employment is on the rise 2013: 1.7 million construction industry small local businesses oil & gas industry Industries that are indirectly affected and experience a boom of their own 2020: 3 million +1.3 million jobs as a direct result of fracking less reliance on the Middle East for oil Natural gas-fired electricity generates greater production of energy = cheaper energy half the carbon dioxide of coal-fired production.