Natural gas edge boosts U.S. manufacturing, ACC economist says

04/10/2012 | New York Times (tiered subscription model), The

Advances in natural gas drilling technologies have created a significant cost advantage for U.S. manufacturing. "The U.S. has a competitive advantage when oil is seven times as expensive as natural gas, but now we have more like a 50-to-1 advantage," said American Chemistry Council chief economist Kevin Swift, adding that such developments are pushing chemical producers "to expand ethylene capacity in the U.S. by more than 25% between now and 2017."

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