Fitch: Unconventional gas production likely spur to US manufacturing

01/21/2013
The ongoing shale boom and increasing use of hydraulic fracturing has comparative advantages that could drive US manufacturing growth, said Fitch Ratings analysts who believe low natural gas prices provide a competitive advantage for petrochemicals, steel, and other energy-intensive industries. The primary effect of shale gas will be lower costs for US industry and consumers and expanded capacity and profits for certain manufacturers. Fitch also sees the cooper, aluminum, and cement industries as benefitting from low gas prices. "Petrochemicals benefit most from lower prices for natural gas as it is both the raw material and the source of energy for US petrochemicals producers,"...
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