IndustryWeek reports: Oil and Natural Gas Infrastructure Investments Will Be Boon to US GDP, Jobs

IndustryWeek reports: Oil and Natural Gas Infrastructure Investments Will Be Boon to US GDP, Jobs

An IHS study predicts energy infrastructure investments will boost US GDP by $94 billion to $120 billion annually.

This IHS study reports that due to dramatic increases in domestic crude oil and natural gas production, major infrastructure investments continue to be pipelines, rail, ships, storage facilities, refineries and facilities to liquefy natural gas. 

Between 2014 and 2020, more than $80 billion will be invested annually in petroleum infrastructure, IHS predicts.

After 2020, that investment will moderate but the research firm expects direct capital investment will still be nearly $60 billion by 2025.

Read more about the IHS study on MHL's sister publication, IndustryWeek.

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