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Tag Archives: Economy

Shale gas calling: Could New York follow Pennsylvania’s lead?

If New York emulated Pennsylvania by using hydraulic fracturing to gain access to vast sources of natural gas from shale, it would galvanize economic growth in the Empire State and add $8 billion in income for upstate New Yorkers, according to a new study by the Empire Center for New York State Policy, a project [...]

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In Ohio, a second wave of sustainable jobs for all talents and skills

The continued growth in production of abundant and affordable natural gas in the Utica Shale region of Ohio is transforming the state into a rich breeding ground for both “blue-collar” and increasingly, “white-collar” jobs. For years, the manufacturing and logistics sectors have dominated the growing employment numbers, creating thousands of jobs for hard-working laborers throughout [...]

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“Natural gas is boosting the economy,” national business leader says

Virtually every day, it seems, more public officials, consultants, business leaders and economists agree that abundant and affordable supplies of natural gas are transforming America’s manufacturing sector, and the chemistry industry is a big part of why it’s making a comeback. Harry C. Alford, co-founder, president and CEO of the National Black Chamber of Commerce, [...]

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As freight rail competition wanes, manufacturers pay a heavy price

Will this be déjà vu all over again? Recent GDP data suggest the economy may be cooling off and North American freight carloads are down 2.4 percent so far this year compared to 2012. Less demand would suggest shippers could expect lower freight rail rates. However, if history is any guide, that may not be [...]

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More gas, more glory for U.S. chemical manufacturing

As more and more data gushers in about production of natural gas, the better the prospects become that these abundant and affordable supplies are not just a short-term benefit but a long-term bonanza for the United States — capable of fueling a manufacturing revival. The latest batch of good news comes from the Potential Gas [...]

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Affordable natural gas sparks global manufacturers’ investment in America

What do Austria’s Voestalpine, Egypt’s Orascom Construction Industries, Germany’s Wacker Chemie, Japan’s Idemitsu Kosan, Taiwan’s Formosa Plastics and South Africa’s Sasol have in common? According to Michael Birnbaum’s front page story in The Washington Post, the answer is each of these companies plans massive investments in the United States, whether it’s a $7 billion ethane [...]

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VIDEO: Chemistry and shale gas fueling a boom in the Buckeye State, Dooley says

Ohio is on the brink of an economic and manufacturing renaissance, powered by the growing production in natural gas from shale that is driving investment in the state’s chemical industry and industrial base, American Chemistry Council president and CEO Cal Dooley said in a March 29 address at the City Club of Cleveland. Dooley pointed [...]

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From England, thumbs up for an American energy revolution

The Economist, Great Britain’s globally-respected analyst of political and economic trends, has given a sterling endorsement of the benefits of natural gas for the U.S economy, especially the chemical industry. The story’s bottom line: “Gas is the new gold,” and the shale gas and oil bonanza is transforming America’s energy outlook and boosting our country’s [...]

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Yergin, other energy stars sing praises of shale gas during IHS CERAWeek

Energy mavens from around the world met in Houston last week for IHS CERAWeek, where the economic benefits of natural gas from shale to America’s manufacturing sector proved a popular topic yet again. America’s chemical manufacturers are especially rebounding from the economic decline, courtesy of abundant and affordable sources of natural gas from shale that [...]

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State oversight of shale gas development is the right course, policymakers say

For America’s chemical manufacturers, the future is now. Front-page stories from the Financial Times to the Washington Post have trumpeted our country’s manufacturing renaissance, courtesy of chemistry’s ability to leverage abundant and affordable supplies of natural gas from shale to drive growth and create jobs. ACC has cautioned that the full potential of shale gas [...]

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