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Liquified Natural Gas: Why Rapid Approval of the Backlog of Export Applications is Important for U.S. Prosperity

Margo Thorning, Ph.D. Senior Vice President and Chief Economist, American Council for Capital Formation: “Another macroeconomic analysis by ICF International finds that expanded LNG exports would spur significant gains in nationwide employment, GDP and federal tax receipts. The net effects on U.S. employment are anticipated to be positive with net job growth of between 73,100 to 452,300 jobs on average between 2016 and 2035, including all economic multiplier effects. Manufacturing job gains average between 7,800 and 76,800 net jobs between 2016 and 2035, including 1,700-11,400 net job gains in the specific manufacturing sectors that include refining, petrochemicals, and chemicals.”

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