A 2013 report from IHS Global Insight estimates oil and natural gas fracking added an average of $1,200 to U.S. household income in 2012. Based on present trends, IHS estimates the figure will be $2,000 a year by 2015 and $3,500 by 2025.
The fracking industry added $74 billion in 2012 federal and state tax payments; the amount is projected to rise to $138 billion by 2025. The fracking industry increased economic growth by $283 billion in 2012 and is expected to add $533 billion o U.S. GDP by 2025.
IHS is a global information company employing > 8,000 people in > 31 countries. The company specializes in analysis of: energy, economics, geopolitical risk, sustainability, and supply chain management.