Posted March 20, 2014
U.S. Manufacturing is Coming Back – Thank Shale
CNBC: The U.S. shale boom is beginning to ripple outward to American cities.
The shale mining industry's rising demand for materials and equipment along with the abundance of cheap fuel are fueling a modest renaissance in American manufacturing, according to a report prepared by IHS Global insight for the U.S. Conference of Mayors.
The shale extraction industry is itself driving growth through its hunger for steel pipeline, extraction machinery and other materials needed at domestic shale deposits, including the Bakken in North Dakota and the Marcellus shale in Pennsylvania. The availability of cheap fuel has in turn allowed these energy intensive manufacturing industries to cut costs and compete better with foreign imports.
Read more: http://cnb.cx/1gfdulS
More industry news:
U.S. Crude Oil Production Rises to Highest Point Since 1988: http://buswk.co/1j8Q83h
One Word Best Describes Support for the Keystone XL Pipeline - Bipartisan: http://uscham.com/1gXxbtn
A Gas Export Strategy: http://on.wsj.com/Ny4QSz
Wildcatters Rush Spindletop in Return to East Texas Oil: http://buswk.co/PV2uzt
Top White House Adviser Pushes Back on Environmentalists: http://on.wsj.com/1oBa91u
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.