The environmental lobbyists and global warming scare-mongers have been so effective with their propaganda they have managed to effectively squelch these great achievments and largely hide them from the American public. As some might say, "go figure", are they with America or against her?
Eagle Ford Shale Generated More Than $25 Billion in Revenue for South Texas in 2011
UTSA projects the shale to create 117,000 jobs by 2021Source: http://ccbr.iedtexas.org/
Written by Christi Fish
Associate Director of Media Relations, The University of Texas at San Antonio
SAN ANTONIO, May 9, 2012 – Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the region in 2011, according to a study released today by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development (UTSA).
"The Eagle Ford Shale has proven to be one of the most important economic engines in the state," said Dr. Thomas Tunstall, director of the UTSA Center for Community & Business Research, and the study’s principal investigator. "In 2011 alone, the play generated over $25 billion in revenue, supported 47,000 full-time jobs in the area, and provided $257 million in local government revenue."
The study also concluded that in 2011 shale development:
- Paid $3.1 billion in salaries and benefits to workers;
- Provided more than $12.6 billion in gross regional product;
- Added more than $358 million in state revenues, including $120.4 million in severance taxes;
- And spurred a triple-digit sales tax revenue increase in various local counties.