Energy Boom Good for Americans' Wallets

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The new methods of producing oil and natural gas in the U.S., called fracking, are good for your pocketbook, according to a new study by the market analytics company IHS.

The study finds that the oil and gas boom has boosted the incomes of the average household by $1,200 because of cheaper costs for electricity and heating. And that's expected to go up to $2,000 by 2015.

"This is a great story for jobs, for the tax base and now for the average household," IHS Vice President John Larson told Reuters.

The study also found that the energy boom has brought in nearly $75 billion to federal and state revenues.

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