Even Slight Increases in Oil, Gas Output Significantly Boost Economy: Reports

Even Slight Increases in Oil, Gas Output Significantly Boost Economy: Reports

If the United States oil and gas industry boosted production by 50 percent over the next 25 years, a new study estimates the ramped-up supply would lower energy costs, create 140 million jobs, and add $25 trillion to the nation’s economy. With an average annual gain of $12,418, that would amount to $300,000 for a family of four by 2050, Heritage Foundation Center for data analysis director Kevin Dayaratna, a study co-author, told a House panel o…