Like-minded Views

"Together, cheaper energy and lower-cost raw materials add up to lower-cost manufactured goods, ranging from agricultural chemicals to carpets and toys, which we can sell both domestically and overseas, creating U.S. jobs."

Harold Sirkin Natural Gas: Putting the Pedal to the Metal, September 17, 2012, Bloomberg Businessweek

"We believe that, by 2025, the manufacturing sector could save $11.6 billion in cost, and could create up to 1 million manufacturing jobs attributed to shale gas"

Bob McCutcheon, U.S. industrial products and metals industry leader, PricewaterhouseCoopers LLP, "US Manufacturing Jobs Begin The Long March Back From China," June 3, 2012, International Business Times

"America's "unconventional" gas boom continues to amaze ... America's gas boom confers a huge economic advantage. It has created hundreds of thousands of jobs, directly and indirectly. And it has rejuvenated several industries, including petrochemicals, where ethane produced from natural gas is a feedstock ... This is astonishing. Barely five years ago America was expected to be a big gas importer. Between 2000 and 2010 it built infrastructure to regasify over 100 billion cubic metres (bcm) of imported liquefied natural gas (LNG). Yet in 2011 American LNG imports were less than 20 bcm."

American Natural Gas Has Had an "Astonishing" Economic Impact, "Continues to Amaze," June 2, 2012, The Economist

"A 2011 study by the American Chemistry Council calls shale-gas "a game changer," with the potential for generating an additional $32.8 billion in industry production."

"Natural Gas Bounty Could Make or Break Other Industries," June 20, 2012, CNBC

"The government should rethink a decades-old law that automatically allows companies to send U.S. natural gas to the country's free trade partners. It could harm the nation's ability to achieve energy independence, combat pollution and preserve the environment, and improve the economic competitiveness of American manufacturers."

U.S. Senator Ron Wyden, "U.S. shale gas boom requires rethink of natgas export policy: Senator," November 01, 2012, Reuters

"Higher oil and gas output and fewer imports -- along with a burst of investment to take advantage of lower energy costs -- have the potential to vault the U.S. economy onto a higher growth plain for years to come, said. The energy boom could add roughly a half percentage point to annual U.S. GDP for at least the next several years."

Eric Lee, a market strategist at Citigroup in New York, "Shale energy boom dangles prospect of leap in US growth," May 24, 2012, Reuters