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The Shale Boom is a Jobs Boom

This chart, from the American Enterprise Institute, shows in clear detail the benefits of the shale gas boom for those parts of the United States that have been blessed with these unconventional oil and gas deposits:

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Compare that to a graph of nationwide unemployment rate, currently at 7.6%, and you’ll see that the nation as a whole hasn’t recovered from the Great Recession. Midland, Texas certainly has, where unemployment is only 3.2 percent.

Again, it simply isn’t possible for many parts of the U.S. to replicate what Texas and North Dakota has done. Other states just don’t have the same oil and natural gas deposits. However, there are a number of states — including New York and California — that have been very unwelcoming towards hydraulic fracturing despite having significant potential. They are the ones missing out on a robust economic recovery.

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