Shale gas forum touts resurgence of U.S. manufacturing industry

The U.S. natural gas boom is fueling the country's manufacturing sector through low natural gas prices, presenting a huge competitive advantage for firms that produce in the U.S., according to industry experts who spoke at Shale Gas Insight 2012. Natural gas and natural gas liquids such as ethane are "the secret sauce of the chemical industry," said Martha Gilchrist Moore, senior director of policy analysis and economics at the American Chemistry Council. An ACC study shows that an increase of about 25% in ethane production would lead to $132 billion in increased economic output as well as 40,000 direct and indirect chemical industry jobs, she added.

View Full Article in:

Oklahoman (Oklahoma City), The · Philadelphia Inquirer, The · American City Business Journals

Published in Brief: