Shale Gas Will Fuel a U.S. Manufacturing Boom
The plummeting price of natural gas, which can be used to make a vast number of products, including tires, carpet, antifreeze, lubricants, cloth, and many types of plastic, is luring key industries to the United States. Just five years ago, natural gas prices were so high that some chemicals manufacturers were shutting down operations here. Now the ability to access natural gas trapped in shale rock formations, using technologies such as hydraulic fracturing and horizontal drilling, has led to a surge in natural gas supplies that have lowered American gas prices to a fraction of prices in other countries.
Low U.S. gas prices have prompted plans for the construction of new chemical plants for the production of ethylene, ammonia for fertilizer, and diesel fuels. Dow Chemical, for example, plans to spend $4 billion to expand its U.S. chemicals production, including a new plant in Freeport, Texas. The plant will make ethylene from the ethane found in many sources of natural gas. The impact of the resurgence is being felt most strongly in the $148 billion market for ethylene, the world’s most high-volume chemical, and the foundation for many other industries. It’s used to make bottles, toys, clothes, windows, pipes, carpet, tires, and many other products.
Aux États-Unis, on relance leur secteur manufacturier en exploitant le gaz de schiste. Au Québec, on essaye de relancer le secteur manufacturier en critiquant l’Alberta. Je me demande qu’elle méthode est le plus efficace…
Au Québec on est pauvre et on aime ça…