Breitling Oil and Gas Texas and California Morning Podcast #371

Because of fracking and the oil boom, The average American household had an extra $1,200 last year because of lower energy prices for natural gas, electricity and goods and services. The savings are expected to rise to $2,700 in 2020 and $3,500 in 2025.

Foreign and U.S. chemical companies invested $5 billion in American plants last year and will spend an estimated $13 billion in 2015. Much of the investment is along the Texas coast. By 2025, total new chemical investments will reach $130 billion and create 319,000 new jobs.

The boom had created 2 million direct and indirect jobs by the end of last year. The number is expected to reach 4 million by 2025.  You are welcome America.

 

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