Shale Gas Forum Heralds Resurgence of U.S. Manufacturing

The natural gas boom in the United States is fueling the manufacturing sector through low natural gas prices, resulting in a 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 25 percent in ethane production would lead to US$132 billion in increased economic output as well as 40,000 direct and indirect chemical industry jobs.

 

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