Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:37 AM

GasBuddy News Article

39
votes
Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants: Energy

Bloomberg -- The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.
ustrian steelmaker Voestalpine AG (VOE) said Dec. 19 it may construct a 500 million-euro ($661 million) factory in the U.S. to benefit from cheap gas. Nucor Corp. (NUE), the most valuable U.S. steelmaker, plans to start up a $750 million Louisiana project in mid-2013. They’re among at least five U.S. plants under consideration or being built that would use gas instead of coal to purify iron ore, the main ingredient in steel.
“That technology has been around 30 years, but for 29 years gas prices in the U.S. were so high that the technology was not economical,” said Michelle Applebaum,


Read the Full Article

Submitted Dec 31, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants: Energy Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:11,847
Points:3,578,080
Joined:May 2003
Message Posted: Jan 2, 2013 6:04:53 AM

Old news. Time to move on.
Profile Pic
my2002m
Champion Author Tulsa

Posts:8,318
Points:2,175,090
Joined:Jul 2008
Message Posted: Jan 1, 2013 6:13:41 PM

More win win for our country.
Profile Pic
remay
Champion Author Houston

Posts:9,118
Points:2,619,240
Joined:May 2006
Message Posted: Jan 1, 2013 3:38:44 PM

I'm surprised there isn't a "shortage" of steel...
Profile Pic
tomok
Champion Author Portland

Posts:42,706
Points:2,856,760
Joined:Aug 2006
Message Posted: Jan 1, 2013 1:57:00 PM

Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants!
Revolution! More Shale-Gas, More Energy, More Jobs, A Better Economy.
More horizontal natural gas drilling, more rock and subsurface fracking and much more possible pollution to the underground water resources.
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices through the Gulf Coast refineries. Big Gas transports natural gas to the refineries, processes it, loads it onto tankers for sale to other countries.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! These resources are Not to be exported without taking care of the domestic market first.
As more and more vehicles are converted to natural gas the price of natural gas will go up and up, natural gas will Not have a reasonable price for very long. Keep natural gas for heating homes and businesses.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
Profile Pic
QuagmireLA
Champion Author Louisiana

Posts:1,120
Points:166,540
Joined:Jun 2012
Message Posted: Jan 1, 2013 12:33:33 PM

Just like I've been saying all along. Low energy prices is about the only thing that will bring back the U.S. economy to a dominant force. All the government laws and rules in the world can't do it. Only cheap abundant energy can. And that means gasoline under $2 a gallon.
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,693
Points:1,753,490
Joined:Oct 2009
Message Posted: Jan 1, 2013 11:50:40 AM

Sounds promising.
Profile Pic
beohbeNJ
Champion Author New Jersey

Posts:4,155
Points:1,016,550
Joined:Sep 2011
Message Posted: Jan 1, 2013 10:26:01 AM

OK by me.
Profile Pic
packards42
Champion Author Washington

Posts:8,570
Points:1,559,930
Joined:Feb 2005
Message Posted: Jan 1, 2013 10:22:03 AM

The government should tax energy like Erope and keep in the USA, Say no to exporting Natural Gas, our Great Grand children will need it.

Example, all new crude production in Suadi Arabia is consume internally. Their will be a shortage one day.
Profile Pic
wshokie12
Champion Author Winston-Salem

Posts:2,905
Points:668,690
Joined:Aug 2012
Message Posted: Jan 1, 2013 10:19:29 AM

Good.
Profile Pic
BlueVanGroup
Champion Author Fort Collins

Posts:9,980
Points:2,029,010
Joined:May 2008
Message Posted: Jan 1, 2013 10:19:14 AM


No, no, no.

We're not supposed to have dirty manufacturing jobs like making steel.

We're supposed to have clean, "green" jobs like Solyndra.
Profile Pic
satrn38mpg
Champion Author Raleigh

Posts:7,293
Points:1,542,405
Joined:Sep 2009
Message Posted: Jan 1, 2013 10:18:48 AM

just how long can these same stories run >>
Profile Pic
Tutootin
Champion Author Toronto

Posts:12,416
Points:3,581,450
Joined:Jun 2004
Message Posted: Jan 1, 2013 10:18:04 AM

Old "news".
Profile Pic
ARCO
Champion Author Pittsburgh

Posts:4,599
Points:2,864,910
Joined:Sep 2005
Message Posted: Jan 1, 2013 10:17:13 AM

INTERESTING
Profile Pic
Liberty2000
Champion Author Indianapolis

Posts:2,037
Points:317,150
Joined:Jun 2007
Message Posted: Jan 1, 2013 10:16:35 AM

Didn't know natural gas would be hot enough. Plus isn't carbon needed to reduce the iron ore ?
Profile Pic
marion1739
Champion Author Missouri

Posts:2,832
Points:740,275
Joined:Jan 2011
Message Posted: Jan 1, 2013 10:15:54 AM

yep
Profile Pic
moregas1966
Champion Author Columbus

Posts:2,057
Points:426,870
Joined:Dec 2012
Message Posted: Jan 1, 2013 10:14:30 AM

whatsnew
Profile Pic
vernsimpson
Champion Author Twin Cities

Posts:3,363
Points:769,410
Joined:Jul 2012
Message Posted: Jan 1, 2013 10:14:13 AM

It will not stay cheap long!
Profile Pic
RobertSpratt
Champion Author Virginia Beach

Posts:7,076
Points:1,531,595
Joined:Jul 2007
Message Posted: Jan 1, 2013 10:13:49 AM

okay
Profile Pic
teatiger
Champion Author Dallas

Posts:5,010
Points:1,984,940
Joined:Nov 2008
Message Posted: Jan 1, 2013 10:13:44 AM

News deja vu
Profile Pic
scrossi
Champion Author Indiana

Posts:6,208
Points:1,552,890
Joined:Dec 2008
Message Posted: Jan 1, 2013 10:10:59 AM

Old news.
Profile Pic
erndog0331
Champion Author Tucson

Posts:1,031
Points:494,940
Joined:Oct 2012
Message Posted: Jan 1, 2013 10:10:43 AM

Ok
Profile Pic
ILANGE9
Champion Author Illinois

Posts:9,946
Points:2,098,780
Joined:Sep 2008
Message Posted: Jan 1, 2013 10:09:47 AM

Old news
Profile Pic
thirstyram
Veteran Author Ontario

Posts:270
Points:1,003,305
Joined:May 2010
Message Posted: Jan 1, 2013 10:09:47 AM

Cheap energy drives industry.
Profile Pic
garyr86
Champion Author Michigan

Posts:3,178
Points:966,440
Joined:Dec 2010
Message Posted: Jan 1, 2013 10:09:39 AM

Sounds good for American workers
Profile Pic
Buffalo Joe
Champion Author Alberta

Posts:10,671
Points:3,005,100
Joined:Feb 2003
Message Posted: Jan 1, 2013 10:09:25 AM

Too much politics, wait and see.
Profile Pic
craigsfrank
Champion Author Arkansas

Posts:2,837
Points:1,267,525
Joined:Jun 2010
Message Posted: Jan 1, 2013 10:09:22 AM

Time to support North America not OPEC, way beyond time!!!!
Profile Pic
Don20
Champion Author Oklahoma City

Posts:11,968
Points:3,114,385
Joined:Mar 2005
Message Posted: Jan 1, 2013 10:09:14 AM

The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.

Good go for it.....
Profile Pic
Old Timer
Champion Author Akron

Posts:5,985
Points:1,757,770
Joined:Sep 2003
Message Posted: Jan 1, 2013 10:09:05 AM

Okay
Profile Pic
maxcap59
Champion Author Texas

Posts:3,700
Points:779,280
Joined:Apr 2011
Message Posted: Jan 1, 2013 10:08:19 AM

Imagine how many jobs could be created in various industries because of the oil/gas industry if our government quit attacking them. If Odumba truly wants jobs created in this country, he needs to let these industries produce more.
Profile Pic
jep39
Champion Author California

Posts:1,662
Points:1,647,260
Joined:Jun 2007
Message Posted: Jan 1, 2013 10:07:49 AM

This is good. Employ more American workers.
Profile Pic
henryeOH
Champion Author Akron

Posts:3,056
Points:165,995
Joined:Jan 2011
Message Posted: Jan 1, 2013 10:07:30 AM

so long as greed doesn't take over
Profile Pic
Asbury09
Champion Author Iowa

Posts:9,548
Points:2,040,330
Joined:Jan 2009
Message Posted: Jan 1, 2013 10:06:24 AM

we will see
Profile Pic
drillintheUSA
Champion Author Rochester

Posts:5,891
Points:664,265
Joined:Apr 2008
Message Posted: Jan 1, 2013 10:03:40 AM

Nothing lasts forever. Even if the U.S. Steel production ( as it relates to this 'boom') is short-lived, oh well. Go for it!
Profile Pic
TRAIN RIDER
Champion Author San Bernardino

Posts:11,395
Points:3,263,625
Joined:Oct 2004
Message Posted: Jan 1, 2013 10:03:26 AM

We need to take them back from China.
Profile Pic
2khawk
Champion Author Iowa

Posts:7,714
Points:1,439,255
Joined:Oct 2010
Message Posted: Jan 1, 2013 10:03:13 AM

Hope they take off.
Profile Pic
LuckyD43
Champion Author Long Island

Posts:40,875
Points:2,661,455
Joined:Apr 2005
Message Posted: Jan 1, 2013 10:02:41 AM

The more the better. God knows we could use the jobs they create.
Profile Pic
Sethyl
Champion Author Miami

Posts:3,795
Points:840,515
Joined:Oct 2009
Message Posted: Jan 1, 2013 10:02:40 AM

old news
Profile Pic
F81M
Champion Author Indiana

Posts:3,830
Points:1,291,930
Joined:Aug 2008
Message Posted: Jan 1, 2013 10:02:13 AM

Old.
Profile Pic
36IHBinder
Champion Author Illinois

Posts:5,246
Points:1,145,215
Joined:Jun 2011
Message Posted: Jan 1, 2013 10:01:44 AM

Buy USA when ever you can
Profile Pic
Sego
Champion Author Florida

Posts:1,475
Points:223,260
Joined:Apr 2012
Message Posted: Jan 1, 2013 10:01:35 AM

Sounds good.
Profile Pic
Bleeder
Champion Author Virginia

Posts:8,078
Points:2,055,775
Joined:Jan 2008
Message Posted: Jan 1, 2013 10:01:17 AM

It is good so far.
Profile Pic
mycar2
Champion Author Akron

Posts:4,006
Points:2,831,550
Joined:Apr 2004
Message Posted: Jan 1, 2013 10:00:57 AM

it's created jobs, good
Profile Pic
donny47
Champion Author New Hampshire

Posts:4,712
Points:1,438,195
Joined:Feb 2009
Message Posted: Jan 1, 2013 10:00:28 AM

ok
Profile Pic
treehood
Champion Author San Diego

Posts:4,412
Points:906,785
Joined:May 2011
Message Posted: Jan 1, 2013 10:00:23 AM

I hope there is an abundance of energy for the future
Profile Pic
nstrdnvstr
Champion Author Twin Cities

Posts:40,397
Points:4,490,655
Joined:May 2001
Message Posted: Jan 1, 2013 9:59:47 AM

Where is the demand for the new supply of steel?
Profile Pic
nomad228
Champion Author Columbus

Posts:3,208
Points:592,275
Joined:Feb 2011
Message Posted: Jan 1, 2013 9:57:44 AM

this will only last so long,and? then we will have a even worse repeat of the history of the steel mills in the united states ,if they even produce the steel here in the united states. we have seen whole cities go under after the steel mills make their side deals and leave the state thta helped them get into production again. just look at detroit,greenbay,alantown,columbus ohio. they all had steel mills that closed down and took 1000's of other steel busineesses with them. my own company moved to meridian miss. after the local steel company shut down. and our local gov'ment did nothing to prevent it. lets just say that waves subside usually sooner than later.
Profile Pic
waynemustang
Champion Author Indiana

Posts:8,362
Points:2,147,555
Joined:Nov 2006
Message Posted: Jan 1, 2013 9:56:12 AM

Gas works, wind does not.
Profile Pic
nb52
Champion Author Grand Rapids

Posts:10,091
Points:2,052,710
Joined:Nov 2008
Message Posted: Jan 1, 2013 9:56:00 AM

good luck working with this administration.
Profile Pic
captngasTN
Champion Author Tennessee

Posts:3,937
Points:1,799,190
Joined:Jun 2009
Message Posted: Jan 1, 2013 9:53:34 AM

Happy New Year to all.
Profile Pic
Caribou2011
Champion Author Ohio

Posts:5,855
Points:1,243,445
Joined:Feb 2011
Message Posted: Jan 1, 2013 9:53:34 AM

Obama will ruin these businesses just like everything else he is involved with.
Post a reply Back to Topics