October 25, 2012 3:00 pm | Categories:
AFL-CIO Building and Construction Trades President Sean McGarvey joined American Petroleum Institute President and CEO Jack Gerard at a Vote 4 Energy event Wednesday to discuss how developing America’s oil and natural gas resources could put millions of Americans to work and help sustain a strong economy for generations. McGarvey and Gerard serve as Chairman and Secretary-Treasurer, respectively, of the Oil and Natural Gas Industry Labor-Management Committee.
The panel examined how energy can help the economy, including the potential impacts of unconventional oil and natural gas development reported on in a new study API helped commission. The study, which was conducted by IHS Global Insight, concluded that unconventional oil and gas development could generate more than $5.1 trillion in added investment through 2035, producing 3.5 million jobs and $2.5 trillion in revenue for government.