US Economic Impact of Natural Gas
Natural gas is providing the United States with an enormous economic advantage as a result of American ingenuity and innovation.
It’s nothing short of revolutionary that the oil and gas industry has unlocked more than a 100 years’ worth of natural gas in the United States that is available at significantly lower costs than in other parts of the world.
This provides tremendous advantages for American consumers and businesses in the form of reliable, affordable and clean fuel for power generation, manufacturing and other industries; feedstocks for chemical and agricultural products; and jobs and government revenue associated with natural gas production. Virtually all of the natural gas used in the United States is produced in North America, creating American jobs far beyond those directly involved with drilling and production while generating important state, local and federal government revenue and bolstering local economies.
In fact, a recent economic impact study found that the natural gas industry contributed more than $380 billion to the U.S. economy in a single year and is responsible for 2.8 million American jobs.