Ohio would have been out billions of dollars and nearly 115,000 jobs if not for fracking, according to an analysis from the U.S. Chamber of Commerce.
According to the Daily Caller, the Chamber report in part says:
" ... Ohio, for instance, would have lost nearly $10 billion in state GDP, $6 billion in wages, and 114,500 jobs, according to the group’s report, had anti-oil activists like Vermont Sen. Bernie Sanders and Bill McKibben found a way to wipe out the expansion in domestic energy.
" ...The U.S. would have bled millions of jobs and the economy would have contracted by $548 billion were it not for explosion in oil and gas development, according to a report by an energy industry group.
"An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.
"The group compared data from 2015 to similar data in 2009, when the public first began to notice a massive uptick in energy production. Analysts used models comparing capital investments, energy prices, among other key indicators, to estimate the “multiplier” effects of dramatic energy sector growth.
“'The ‘Keep it in the Ground’ movement completely ignores the vast benefits to our nation’s economy that the energy renaissance has brought to us,' Karen Harbert, Chamber of Commerce CEO, said in a press statement Thursday."
Read the full story here.