Mouse Over to Stop Rotation & Read Ad

Wednesday, March 26, 2014

Shale Credited For US Manufacturing Revival

From CNBC:
The U.S. shale boom is beginning to ripple outward to American cities.
The shale mining industry's rising demand for materials and equipment along with the abundance of cheap fuel are fueling a modest renaissance in American manufacturing, according to a report prepared by IHS Global insight for the U.S. Conference of Mayors.
The shale extraction industry is itself driving growth through its hunger for steel pipeline, extraction machinery and other materials needed at domestic shale deposits, including the Bakken in North Dakota and the Marcellus shale in Pennsylvania. The availability of cheap fuel has in turn allowed these energy intensive manufacturing industries to cut costs and compete better with foreign imports.
Read the whole article here. 



Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email