New study shows shale revolution boosts U.S. manufacturing
“With industries in American paying 2 to 4 times less for coal, electricity and natural gas than industries in places like Europe, we’re beginning to see U.S. manufacturing revitalize,” the news release said.
Last year, a study was completed that dealt with the transition of presidential power and how that affected economic performance. It also discussed concerns and questions with the Shale Gas Revolution.
“The academic study, titled On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution, confirms what we always knew — the shale revolution has been good for U.S. business,” the release said. “The boom in shale gas and the associated price drop caused energy-intensive industry to expand in the United States, which has led to more jobs and investment being allocated to this sector."
The study also noted that since 2006, when the shale revolution caused the U.S. natural gas price advantage to widen, exports of U.S. manufacturing have grown by about 10 percent.
Overall, the source is confident and pleased with the Donald Trump administration and looks forward to the continued progression and advancement of U.S. manufacturing.