The new boom: Shale gas fueling industrial revival

[nhboy (Premo)]

Link to original article.

"The shale gas revolution is firing up an old-fashioned American industrial revival, breathing life into businesses such as petrochemicals and glass, steel and toys.

Consider the rising fortunes of Ascension Parish, La.

Methanex Corp., which closed its last U.S. chemical plant in 1999, is spending more than half a billion dollars to dismantle a methanol plant in Chile and move it to the parish.

Nearby, a petrochemical company, Williams, is spending $400 million to expand an ethylene plant. And on Nov. 1, CF Industries unveiled a $2.1 billion expansion of its nitrogen fertilizer manufacturing complex, aiming to displace imports that now make up half of U.S. nitrogen fertilizer sales.

These companies all rely heavily on natural gas. And across the country, companies like them are crediting the sudden abundance of cheap natural gas for revving up their U.S. operations. Thanks to new applications of drilling technology to unlock natural gas trapped in shale rock, the nation’s output has surged and energy experts almost unanimously forecast that prices will remain low or moderate for a generation. The International Energy Agency says that by 2015, the United States will overtake Russia as the world’s biggest gas producer.

“The supply of natural gas and the price are the driving factors, and we’re swimming in natural gas down here,” said Mike Eades, president of the Ascension Economic Development Corp. "

[GURPS (Premo)]

don't worry Obama and the Greenies will be along shortly to shut it all down

[nhboy (Premo)]

lol! You clowns had your chance and you blew it big time!

[Gilligan (Premo)]

Originally Posted by nhboy

lol! You clowns had your chance and you blew it big time!

???? Are you on some kind of strong medication? You keep blurting out repsonses that have no contextual relevance of any kind.

[huntr1]

Originally Posted by GURPS

don't worry Obama and the Greenies will be along shortly to shut it all down

They are already trying to shut it down. Look at all the lawsuits over fracking.

[ylexot]

Originally Posted by Gilligan

???? Are you on some kind of strong medication? You keep blurting out repsonses that have no contextual relevance of any kind.

He's just trying to say that the Republicans had their chance to falsely claim it on their resume of good deeds, but the Democrats have already claimed it as their own despite being against it.

[GURPS (Premo)]

Originally Posted by huntr1

They are already trying to shut it down. Look at all the lawsuits over fracking.

didnt Obama just sign off, on further restrictions on developing oil production on federal lands ?

[bcp (Premo)]

Originally Posted by GURPS

didnt Obama just sign off, on further restrictions on developing oil production on federal lands ?

depending on which federal land he speaks of, it might be a good thing.
There are plenty of areas that dont need to be used for oil production, think Badlands for one.