Breitling Oil and Gas Morning Podcast #221 1-10-13

A new state-by-state study estimates total unconventional oil and gas production in the Lower 48 will contribute $63 billion in federal, state, and local tax revenues in 2012, with contributions rising to nearly $113 by 2020.

Nearly $238 billion will be contributed to US gross domestic product in 2012, with an expected increase to more than $416 billion by 2020, said the study, which measures jobs, economic value, and government revenue.

Unconventional oil and gas production will support nearly 3 million by the end of the decade and The top 10 non-producing states in terms of jobs are New York, Illinois, Michigan, Florida, New Jersey, Minnesota, North Carolina, Georgia, Missouri, and Wisconsin.

Meanwhile, 32 states in the Lower 48 that lack major unconventional oil and gas activity will contribute nearly 500,000 jobs through businesses that sell goods and services.

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