Energy boom stimulates American economy in a big way, according to report
Saturday, October 8, 2016
A 64-page report from the U.S. Chamber of Commerce titled, “What If America’s Energy Renaissance Never Actually Happened,” found that the economy would be short 4.3 million jobs and shrunk by $548 billion, according to Kallanish Energy.
The report used data from 2009 to 2015 to capture what the American economy would have looked like without shale development.
Residential electric and natural gas bills would be 31 and 28 percent higher, respectively. Americans would see fuel prices 43 percent higher at the pump and industrial natural gas consumers would be paying 94 percent more.
The manufacturing industries in Pennsylvania, Ohio, texas and Wisconsin would have been crippled even more as the four states combined would have 950,000 fewer jobs.
Learn more: Kallanish Energy > U.S. energy boom produced 4.3 million jobs, $548 billion to economy, report says
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.