Bank of America/Merrill Lynch: Daily benefits of shale gas reaching $1 billion

Posted on: August 20th, 2012 by NoGreenSlime 15 Comments

Former Pennsylvania DEP Secretary John Hanger deals in facts. His “Daily Fact” here points to a study that puts benefits from shale gas at a billion dollars every day, the likelihood that our economy would be in recession without those benefits translating into more than two percent of our GDP, and the fact that we, in the Untied States, are paying one-fourth of the average global price for natural gas.

Secretary Hanger also reminds us that the U.S.is turning the clock back on carbon emissions through increased use of natural gas, having already reached levels recorded in 1996 and on our way to 1991 levels by the end of the year.

More here from Secretary Hanger

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