"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore
Tuesday, February 12, 2013
Shale Gas Will Fuel US Manufacturing Boom
Shale Gas Will Fuel a U.S. Manufacturing Boom | MIT Technology Review: "Now the ability to access natural gas trapped in shale rock formations, using technologies such as hydraulic fracturing and horizontal drilling, has lowered American prices to a fraction of those in other countries (see “King Natural Gas”). Over the last 18 months, these low prices have prompted plans for the construction of new chemical plants to produce ethylene, ammonia for fertilizer, and diesel fuels. Dow Chemical, for example, plans to spend $4 billion to expand its U.S. chemicals production, including a new plant in Freeport, Texas, that’s due to open in 2017. The plant will make ethylene from the ethane found in many sources of natural gas. (The last such plant to be built in the U.S. was completed in 2001.)"