By Ted Griggs
The United States could create thousands of jobs, billions in revenue, make the country more energy independent and reduce the budget deficit if it properly handles the energy revolution and opportunities that are available, U.S. Chamber and President Tom Donohue said Friday.
In Louisiana alone, unconventional oil and gas plays, shale formations, directly or indirectly supported around 80,000 jobs, helped generate $10.7 billion in economic activity and $1.2 billion in state and local taxes, said Donohue, who spoke at a Baton Rouge Area Chamber event at the City Club. Cheap and plentiful natural gas from shale formations has revolutionized the nation’s manufacturing, giving the U.S. petrochemical industry in particular a big advantage over foreign competitors.
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