The shale gas industry contributed $76.8 billion to U.S. gross domestic product (GDP) and supported more than 600,000 jobs in 2010, but that’s just the tip of the iceberg, according to a report issued Wednesday by the World Economic Forum (WEF) at IHS CERAWeek 2012 in Houston.
Articles from Coincided
Panelists Support Finding that Funds Have Not Caused Increased Volatility
The increase in natural gas futures market volatility over the last few years has coincided with a similar rise in hedge fund market participation, but hedge funds have been unfairly blamed for being the cause the market’s woes, according to several panelists speaking at GasMart in New Orleans on Wednesday. Their conclusions generally echoed those of the New York Mercantile Exchange on the topic (see Daily GPI, March 9).
March 17, 2005