New Projections Say Shale Boom Will Add $10 Billion to Ohio Economy by 2014

From the Tribune Chronicle:

The shale boom will explode the Ohio economy by adding $10 billion to it by 2014, Linda Woggon, executive vice president of the Ohio Chamber of Commerce and executive director of the Ohio Shale Coalition, said.
She was the keynote speaker at a breakfast hosted by the Salem Area Chamber Area of Commerce before about 70 guests at the Salem Community Center last week.
Her talk was based upon an Ohio Shale Coalition study released last February and combined with recent Utica shale data.
The added $10 billion will mean a 1-percent increase in the Gross State Product, she said.
Based on 2011 through 2014 numbers, total activity, including leases, right of ways, royalties, roads and bridges, drilling and related downstream figures, shows the total spent in Ohio at $291,581,483 in 2011; $1.7 billion in 2012; $5.83 billion in 2013; and $9.65 billion in 2014.
Total shale activity during the four years amounts to less than $17.5 billion and will generate some 65,000 jobs statewide.
Read the rest of this story here. 

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