U.S. Chamber CEO highlights economic benefits of shale oil, gas production

09/15/2013 | Advocate (Baton Rouge, La.), The

The proper management of the domestic oil and natural gas boom could generate thousands of jobs and billions in revenue and bring the country close to energy independence, said Tom Donohue, president and CEO of the U.S. Chamber of Commerce. Shale oil and gas production helped Louisiana create $10.7 billion in economic activity and supported about 80,000 jobs, Donohue said during a forum in the state. "I would tell you there are probably 50 European companies right now walking around this part of the United States, looking for places to put a factory," he added.

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Advocate (Baton Rouge, La.), The

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