If you didn’t know already, the U.S. and many other parts of the world are amidst an epic energy boom that has sent natural gas prices tumbling. One back-of-the envelope calculation suggests that consumers have benefited to the tune of more than $100 billion (that’s a lot); another suggests it’s more like $300 billion annually (that’s even more).
So, with that in mind, which group of graduates on average do you think earned a higher starting salary last year — those from Harvard University or those from the South Dakota School of Mines & Technology?
Answer here, if you haven’t already guessed.
Plenty more at the Mark Perry’s blog.
Tags: Animal Vegetable Mineral, Back of the envelope, Fracking Revolution, Man Bites Dog, Supply & Demand
Hmm, you seem to be correct. Perhaps it has something to do with cold fusion?
These two sentences in your link do not add up…unless miners retire a lot earlier than the rest of us!
“By 2011, [employment] had rebounded to 40,000. As many as 78,000 additional U.S. workers will be needed by 2019 to replace retirees.”