From the American Petroleum Institute on Thursday:
Columbus, Ohio, June 5, 2014 ─ A new study shows that America’s shale energy revolution is saving millions for Ohio school districts and other government offices, said Executive Director of API-Ohio Chris Zeigler.
“The oil and natural gas revolution isn’t just supporting manufacturers, it’s helping to keep costs down for Ohio schools and government offices,” said Zeigler. “School districts in our state saved $60 million dollars on energy last year, enough to employ 700 teachers. During the same period, state and local taxpayers in Ohio saved another $10 million on other government spending. For towns and schools still struggling with the ripple effects of a recession, the economic benefits resulting from new advances in U.S. energy production are making a huge difference.”
The study by IHS Global Insight estimated energy savings during the 2012-2013 fiscal year from unconventional oil and natural gas production -- resources generally unlocked from shale deposits and other tight formations using hydraulic fracturing and horizontal drilling. In total, Ohio public elementary and secondary school districts saved approximately 8.4% on electricity and 28.7% on natural gas, for a total of $60 million. State and local governments saved an estimated $10.2 million, or the cost to employ about 158 government workers.
“America is now the world’s top producer of natural gas, and it’s helped to push down the cost of keeping our students warm and local governments running,” said Zeigler. “For Ohio taxpayers, these energy savings can mean more funding for education and local services. To protect these benefits and grow the economy, our policymakers must turn aside efforts that would impose duplicative regulations on shale development, slow permitting, or limit access to domestic resources.”
Across the U.S., unconventional oil and natural gas production saved U.S. schools an average of 9.3% on electricity and 21.3% on natural gas, for a total of $1.2 billion, the approximate cost to employ 14,246 full-time teachers, according to the report. America’s state and local governments saved an additional 9.5% on electricity and 21.6% on natural gas, for a total of $720 million, or the cost to employ about 10,995 government workers.
API-Ohio is a division of API, which represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process, and distribute most of the nation’s energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.
A one page summary of the study findings is available below:
File Type: pdf | File Size: 120774
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.