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Shale will reduce US deficit by a third in a decade

A new report says unconventional oil and gas production will bring long-term benefits to the manufacturing and energy sectors in addition to reducing the country's deficit

Soaring production of unconventional oil and gas in the US will cut the country's deficit by a third over the next decade by boosting its manufacturing and energy sectors, says a new report. The report, America's New Energy Future: The Unconventional Oil and Gas Revolution and the Economy: A Manufacturing Renaissance, is the final section of a three-part IHS study looking at the economic impact of US unconventional energy across the country's oil, gas and petrochemicals sectors as well as the manufacturing industry. Economic boost Development of unconventional oil and gas will continue to boost the US' trade revenue because it will slash energy imports and increased manufacturing output,

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