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U.S. Experiencing Return to Industrialisation Due to Cheap Shale
Mar. 26, 2013 10:46AM PST
Oil and Gas InvestingReuters reported that the U.S. is experiencing a swell in interest from global manufacturers due to the abundant supply of shale gas and cheap energy prices
Reuters reported that the U.S. is experiencing a swell in interest from global manufacturers due to the abundant supply of shale gas and cheap energy prices.
As quoted in the market report:
With cheap shale gas making the United States a magnet for industrial companies like Voestalpine, many economists are positing a return to industrialisation for the world’s biggest economy after more than a decade of consumption-led growth.