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US sees $90bn boost from shale gas boom

FT -- Manufacturers have announced more than $90bn worth of investments in the US to take advantage of its cheap natural gas, according to new calculations, underlining how the shale revolution appears to be driving the country’s industrial renaissance.

Petrochemicals, fuel, fertiliser and steel companies are among those that have committed to or are considering multibillion dollar investments based on their ability to source cheap energy and feedstocks.

The US investment boom has caused concern among manufacturers in Europe, who fear they will find it difficult to compete in energy-intensive sectors. The British government set out an attempt to launch its own shale gas industry last week to help revive the moribund economy.

The shale boom is reinforcing other trends that are also increasing

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Submitted Dec 15, 2012 By: skb69sa

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DanMtz Champion Author Oakland Posts:3,370 Points:1,246,350 Joined:Oct 2009	Message Posted: Dec 16, 2012 10:38:38 AM Ignore DanMtz Report Abuse Great, just don't let the powers that be mess it up.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Dec 16, 2012 7:46:50 AM Ignore honda0105 Report Abuse Buddy: there will never be true energy INDEpendence. We will just decrease our dependence on imports.
jrs4125 Champion Author Indiana Posts:2,773 Points:594,670 Joined:Sep 2011	Message Posted: Dec 16, 2012 4:16:19 AM Ignore jrs4125 Report Abuse How long will this boom last?
tomok Champion Author Portland Posts:33,085 Points:2,348,435 Joined:Aug 2006	Message Posted: Dec 16, 2012 3:10:40 AM Ignore tomok Report Abuse US sees $90bn boost from shale gas boom and what is the quality and condition of the underground water when all of the natural gas is gone and the oil and natural gas companies have moved on? Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
SkooterG Champion Author Phoenix Posts:1,359 Points:330,085 Joined:May 2012	Message Posted: Dec 16, 2012 2:58:30 AM Ignore SkooterG Report Abuse Interesting. What a quick turnaround. What will be the long term ramifications and consequences?
Dodge_Me Champion Author Atlanta Posts:2,214 Points:558,480 Joined:Mar 2006	Message Posted: Dec 16, 2012 12:37:34 AM Ignore Dodge_Me Report Abuse Just as long as they're doing it safely
snky2k Champion Author Indianapolis Posts:1,413 Points:305,740 Joined:Mar 2012	Message Posted: Dec 16, 2012 12:23:18 AM Ignore snky2k Report Abuse The times, they are a changin'.
crreed1 Champion Author West Virginia Posts:2,000 Points:2,529,260 Joined:May 2005	Message Posted: Dec 16, 2012 12:14:56 AM Ignore crreed1 Report Abuse old news
DimitrisIL Champion Author Chicago Posts:1,507 Points:525,595 Joined:Feb 2011	Message Posted: Dec 16, 2012 12:13:41 AM Ignore DimitrisIL Report Abuse Great alternative!
rahcat Champion Author Grand Rapids Posts:2,483 Points:665,125 Joined:Jan 2010	Message Posted: Dec 16, 2012 12:11:16 AM Ignore rahcat Report Abuse Go CNG.
CarefreeVT Champion Author Burlington Posts:1,812 Points:260,530 Joined:Aug 2012	Message Posted: Dec 16, 2012 12:10:02 AM Ignore CarefreeVT Report Abuse At least this has nothing to do with Ct...
malfrog1 Champion Author South Bend Posts:2,216 Points:552,160 Joined:Feb 2011	Message Posted: Dec 16, 2012 12:09:44 AM Ignore malfrog1 Report Abuse Good deal
unicornpmb Champion Author Buffalo Posts:8,506 Points:1,632,440 Joined:Sep 2005	Message Posted: Dec 16, 2012 12:08:49 AM Ignore unicornpmb Report Abuse Great.
boatfloyd Champion Author Jacksonville Posts:1,733 Points:390,900 Joined:Mar 2012	Message Posted: Dec 16, 2012 12:08:44 AM Ignore boatfloyd Report Abuse Oil everywhere.
Glock26 Champion Author Dayton Posts:1,539 Points:635,310 Joined:Mar 2011	Message Posted: Dec 16, 2012 12:07:42 AM Ignore Glock26 Report Abuse Bull!!!
naspa Champion Author Cleveland Posts:1,286 Points:355,075 Joined:Jan 2012	Message Posted: Dec 16, 2012 12:06:57 AM Ignore naspa Report Abuse 3 day post. I guess everybody is focused on that senseless massacre in CT.
HA4CNN Champion Author Toronto Posts:5,639 Points:1,546,415 Joined:Dec 2006	Message Posted: Dec 16, 2012 12:06:18 AM Ignore HA4CNN Report Abuse More Government revenue for the future.
cheaper0ON All-Star Author Ontario Posts:998 Points:400,980 Joined:Jan 2012	Message Posted: Dec 16, 2012 12:05:06 AM Ignore cheaper0ON Report Abuse Hmmm...
Geo4564 Champion Author Nevada Posts:6,932 Points:1,571,770 Joined:Aug 2007	Message Posted: Dec 16, 2012 12:03:42 AM Ignore Geo4564 Report Abuse I hope more cars & trucks will be NG powered.
keithyoon1977 Champion Author Virginia Posts:1,929 Points:498,640 Joined:Dec 2011	Message Posted: Dec 16, 2012 12:03:23 AM Ignore keithyoon1977 Report Abuse ok
LocalSpyGuy Champion Author Tampa Posts:7,815 Points:1,588,100 Joined:Nov 2008	Message Posted: Dec 16, 2012 12:02:50 AM Ignore LocalSpyGuy Report Abuse Unfortunately, it will have little impact on gas prices.
JasTheAce All-Star Author Raleigh Posts:985 Points:175,260 Joined:Nov 2012	Message Posted: Dec 16, 2012 12:02:46 AM Ignore JasTheAce Report Abuse hmmm
ManOfLeisureII Champion Author Philadelphia Posts:1,889 Points:456,325 Joined:Jan 2012	Message Posted: Dec 16, 2012 12:02:32 AM Ignore ManOfLeisureII Report Abuse Bring it on
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Dec 15, 2012 11:57:49 PM Ignore clermont40miles Report Abuse Don't let the greenies stop the good news. Keep on producing.
suzmar Champion Author Texas Posts:2,213 Points:874,085 Joined:Jun 2006	Message Posted: Dec 15, 2012 11:57:37 PM Ignore suzmar Report Abuse This is a step in the right direction, quit diverting money to "green" energy.
NAVYHM All-Star Author Cleveland Posts:761 Points:1,387,955 Joined:May 2008	Message Posted: Dec 15, 2012 11:57:15 PM Ignore NAVYHM Report Abuse BIG OIL GREED & PROFITS ARE AT A ALL TIME HIGH... I'M SO SO HAPPY THAT SOME INVESTORS ARE MAKING HUGE-GANES DURING THESE TIMES... I HOPE THEY CHOKE ON A X-MAS COOKIE...
JaegerWMeister All-Star Author Twin Cities Posts:810 Points:340,715 Joined:Mar 2012	Message Posted: Dec 15, 2012 11:54:55 PM Ignore JaegerWMeister Report Abuse We have to keep the water clean
Number43 Champion Author Lexington Posts:8,708 Points:1,640,120 Joined:Oct 2008	Message Posted: Dec 15, 2012 11:54:53 PM Ignore Number43 Report Abuse Obummer will soon put a stop to that.
Tekkersmom57 Champion Author Syracuse Posts:1,889 Points:703,140 Joined:May 2010	Message Posted: Dec 15, 2012 11:53:53 PM Ignore Tekkersmom57 Report Abuse Hopefully, more research will be done so that we can move in a positive direction.
RAC110 Champion Author Massachusetts Posts:5,959 Points:1,853,595 Joined:Mar 2003	Message Posted: Dec 15, 2012 11:51:26 PM Ignore RAC110 Report Abuse needs to find more answers as it moves along
MinnesotaDJ Champion Author Minnesota Posts:4,767 Points:777,410 Joined:Feb 2010	Message Posted: Dec 15, 2012 11:47:52 PM Ignore MinnesotaDJ Report Abuse Really will just hurt us if you go on polluting the waters!
Is246 Champion Author Albuquerque Posts:1,019 Points:428,710 Joined:Apr 2011	Message Posted: Dec 15, 2012 11:44:38 PM Ignore Is246 Report Abuse This is the type of research the US should be doing.
humancry Champion Author Michigan Posts:4,618 Points:1,002,455 Joined:Nov 2006	Message Posted: Dec 15, 2012 11:42:03 PM Ignore humancry Report Abuse Lets See!
kymechanic All-Star Author Kentucky Posts:909 Points:575,620 Joined:Mar 2011	Message Posted: Dec 15, 2012 11:41:28 PM Ignore kymechanic Report Abuse I hope it helps the economy.
hank1326 Champion Author Los Angeles Posts:8,924 Points:1,736,510 Joined:Jun 2008	Message Posted: Dec 15, 2012 11:40:28 PM Ignore hank1326 Report Abuse Time will tell the truth.
Harry813 Champion Author Iowa Posts:3,020 Points:664,790 Joined:Jul 2011	Message Posted: Dec 15, 2012 11:37:56 PM Ignore Harry813 Report Abuse I hope it's a good thing ?
bobcatfan Champion Author Kentucky Posts:1,613 Points:620,495 Joined:Apr 2011	Message Posted: Dec 15, 2012 11:35:46 PM Ignore bobcatfan Report Abuse Here comes the push back...
listerone Champion Author Boston Posts:3,390 Points:880,715 Joined:Aug 2008	Message Posted: Dec 15, 2012 11:33:13 PM Ignore listerone Report Abuse Stop the drilling but collect the taxes...that the democrat Party way.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:558,480 Joined:Mar 2006	Message Posted: Dec 15, 2012 11:33:07 PM Ignore Dodge_Me Report Abuse Good, we need this kind of income for our economy
5Golfer8 Champion Author Tucson Posts:2,148 Points:302,600 Joined:Jun 2011	Message Posted: Dec 15, 2012 11:31:37 PM Ignore 5Golfer8 Report Abuse Whats 90 dollars bn?
vibdata Champion Author Massachusetts Posts:4,090 Points:849,300 Joined:Nov 2005	Message Posted: Dec 15, 2012 11:31:11 PM Ignore vibdata Report Abuse Smoke, mirrors. That's what that is. And trashing the country's countryside.
tco9436 Champion Author Connecticut Posts:1,782 Points:724,975 Joined:Mar 2010	Message Posted: Dec 15, 2012 11:28:24 PM Ignore tco9436 Report Abuse OK
jrsva Champion Author Virginia Posts:9,866 Points:1,615,135 Joined:Jan 2006	Message Posted: Dec 15, 2012 11:28:16 PM Ignore jrsva Report Abuse Fracking for gas is taking over the country. I sure hope it all works out favorably. We’re going to be in deep doodoo if the critics are right and the toxic fluids contaminate the water supply. Oil and gas are good and useful products but clean water is essential to life. It will be a bad tradeoff if we gain a great gas supply and have no water that is safe to drink.
rjoeh Champion Author Michigan Posts:7,091 Points:2,472,765 Joined:Jun 2004	Message Posted: Dec 15, 2012 11:25:51 PM Ignore rjoeh Report Abuse Hmmm maybe NAFTA was not such a great idea afterall!!!
BREW9 All-Star Author Tampa Posts:896 Points:2,914,905 Joined:Jun 2004	Message Posted: Dec 15, 2012 11:25:41 PM Ignore BREW9 Report Abuse good
tdc007 Champion Author Lexington Posts:1,123 Points:385,555 Joined:Feb 2012	Message Posted: Dec 15, 2012 11:25:35 PM Ignore tdc007 Report Abuse Good
Dragnet Champion Author Arizona Posts:15,422 Points:2,911,685 Joined:Jul 2004	Message Posted: Dec 15, 2012 11:25:14 PM Ignore Dragnet Report Abuse This is until Obama gets his wild hair to screw it up.
PoohMcGoo Champion Author Alabama Posts:3,077 Points:803,385 Joined:Dec 2010	Message Posted: Dec 15, 2012 11:23:11 PM Ignore PoohMcGoo Report Abuse Ok
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 15, 2012 11:20:47 PM Ignore fuelsaverMN Report Abuse "DRILL BABY DRILL............DRILL BABY DRILL............
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 15, 2012 11:20:12 PM Ignore fuelsaverMN Report Abuse I hope gas prices go down to $2.00 per gallon.