EID's Mike updates our break down on the report from Ohio State researchers predicting “only” 20,000 new jobs from Utica Shale development:

"Update (12/27/12): It has been just over a year since the release of the Partridge-Weinstein report, and over fifteen months since the Ohio Oil and Gas Energy Education Program released their Economic Impact Study – conducted by Kleinhenz and Associates – which the Partridge report attempted to refute.

The Ohio State researchers’ prediction of 20,000 jobs – a number well below the 204,000 plus projected by OOGEEP – is broken down below, and EIDOhio.org was also fortunate to publish analysis of the study from expert economists Timothy Considine, Ph.D - Professor of Economics, Univ. of Wyoming, and Jack Kleinhenz, Ph.D - Principal and Chief Economist, Kleinhenz & Associates.

Jump forward to last week, and we can get an idea of just how off the mark the OSU report was in its low assessment of what kind of economic benefit Ohio would experience thanks to its development of the Utica Shale.

As the Columbus Dispatch and numerous outlets reported, a recent study conducted by IHS Cera for the U.S. Chamber of Commerce’s Institute for 21^st Century Energy shows Ohio is already seeing these benefits in the form of both jobs and investment. The report highlights the creation and support of nearly 39,000 jobs to date – a figure surpassing the Partridge projections by good margin. And, it’s important to highlight these numbers are coming out while we remain in the early stages of this development."

READ THE REST: http://www.eidohio.org/cracking-the-nut-on-osu%E2%80%99s-jobs-report/