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Shale gas bonanza could extend to other industries

Houston Chronicle -- The shale gas boom could cut costs significantly for the chemical industry and ultimately benefit the apparel, electronics, machinery and other industries, according to a report released Tuesday.

The report by PricewaterhouseCoopers US suggests cheap natural gas liquids could even prompt some companies to move production back to the United States.

It already has spurred an estimated $15 billion in new investments in Texas chemical plants, according to Hector Rivera, president and CEO of the Texas Chemical Council.

Rivera said the rebound started as the nation began to recover from the recession.

"Here in the United States, it has been a game-changer and has created an opportunity for a lot of companies to make new investments in the United States, as opposed to overseas market


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Submitted Oct 10, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Shale gas bonanza could extend to other industries Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Oct 16, 2012 4:53:32 AM

it'll be the same as with gasoline and diesel. Eventually things will run low.
jrs4125
Champion Author Indiana

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Message Posted: Oct 11, 2012 6:32:47 AM

This will work for a while.
MAC48
Champion Author Dallas

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Message Posted: Oct 10, 2012 6:05:53 PM

pittamon - First, no enterprise in their right mind would even think of significantly expanding existing plants or building a new chemical plant in non right-to-work states in this day and age. Second, the cost to operate a chemical plant increases as you look at plant sites further North from the Gulf Coast due to the greater number of cold days and the increased number of really cold days. Third, water borne transportation for raw materials and for finished product used to be and may still be the cheapest form of liquid (such as diesel, gasoline, crude oil, etcetara) or gaseous material product transportation followed by pipelines.

wshutton - The states made plenty of tax revenue from the "old, abandoned, and unused wells in the same oil formations" and the states themselves should be tasked with sealing these old wells. It is certainly not a responsibility of the companies currently operating in the gas and oil shale fields to plug these old, abandoned, and unused wells unless the wells belonged to these entities in the first place.
wshutton
Champion Author Albuquerque

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Message Posted: Oct 10, 2012 5:03:30 PM

If we can get the frackers to seal old, abandoned, and unused wells in the same oil formations, fracking should work viably. Just as many straws draw from the same well, fracking pressure forces oil products out all straws, ready or not. Fracking a well field with abandoned wells blows the milkshake right out those wells.
A2J
Champion Author Richmond

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Message Posted: Oct 10, 2012 9:34:45 AM

gas to what ?
eschroth442
Champion Author Cleveland

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Message Posted: Oct 10, 2012 7:19:29 AM

lower cost energy fuels company growth and economic development. Drill for the gas and use it in our industries!!!
bar1035
Champion Author Charlotte

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Message Posted: Oct 10, 2012 6:39:51 AM

Well said wegman. You should be required reading
pitamon
Champion Author Philadelphia

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Message Posted: Oct 10, 2012 6:21:31 AM

How about building those chemical plants closer to the NG?
teamsimons
Champion Author South Carolina

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Message Posted: Oct 10, 2012 5:56:27 AM

There is no doubt that natural gas is turning some business models on their heads. Let's hope that prices come down, jobs become more plentiful and the free market has an opportunity to thrive. Maybe it will one day replace gasoline on a mainstream level.

If we're going to keep talking about natural gas, perhaps it's time for GasBuddy and SouthCarolinaGasPrices.com to have a "natural gas" tab at the top of their sections.
dogsdog
Veteran Author Sacramento

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Message Posted: Oct 10, 2012 5:56:12 AM

well said wegman
ReddevilNO
Champion Author New Orleans

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Message Posted: Oct 10, 2012 5:43:07 AM

Ok.
Cableman66
Champion Author North Carolina

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Message Posted: Oct 10, 2012 5:41:28 AM

Looks like all the new jobs are in the central part of the country border to border. Just follow the pipelines.
335d1
Champion Author Virginia

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Message Posted: Oct 10, 2012 5:37:09 AM

I'll wait and see about that.
wegman
Champion Author Twin Cities

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Message Posted: Oct 10, 2012 5:29:27 AM

The Law of Unintended Consequences CAN cut both ways. Normally it triggers negative repercussions, but it CAN spin positive benefits.

This might be one of the rare positive cases.

Much of the chemical industry (ESPECIALLY plastics) works with hydrocarbons. Very often, we start with petroleum and break the chemicals down into smaller chains (and then possibly recombine them into something other than the starting material). But you can start with simpler chemicals (and normally the natural gas products are smaller molecules than the petroleum stuff) and stitch them together.

So we have a WIN-WIN-WIN for every rational American.

Unfortunately, the Luddite Green Left isn't rational. Their crusade to halt fracking would trigger the normal result of the Law of Unintended Consequences - it would increase the number of things that cost MORE.

SO, we need to defeat the Luddite Green Left's war on fracking. How???

On Election Day - FIRE LIBERALS!!! (and do NOT hire new ones). Unemploying Obama should be HIGH on the list.
WonderfulMI
Champion Author Michigan

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Message Posted: Oct 10, 2012 5:26:35 AM

This is self-evident.
cheapertvs
Champion Author Richmond

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Message Posted: Oct 10, 2012 5:25:26 AM

Great! We need all the petroleum related jobs here!
Jeffro61
Champion Author Cleveland

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Message Posted: Oct 10, 2012 5:23:42 AM

Frack on.
Zuman
Champion Author New York

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Message Posted: Oct 10, 2012 5:21:53 AM

Good
SparkieMi
Champion Author Kalamazoo

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Message Posted: Oct 10, 2012 5:20:10 AM

Sounds good....
firasatali
Champion Author Toronto

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Message Posted: Oct 10, 2012 5:19:29 AM

ok
DavidsChallenge
All-Star Author Louisville

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Message Posted: Oct 10, 2012 5:19:25 AM

Common since.
skippypa
Champion Author Hawaii

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Message Posted: Oct 10, 2012 5:18:01 AM

Interesting
dandvicb
Champion Author Bridgeport

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Message Posted: Oct 10, 2012 5:17:03 AM

cewrtainly won't extend to the middle class!!
bowler360
Champion Author Illinois

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Message Posted: Oct 10, 2012 5:17:00 AM

It's the way to go, Cheaper for them means cheaper for end user,.......usually.
yonasb
Champion Author Houston

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Message Posted: Oct 10, 2012 5:16:45 AM

Ok
76chevy
Champion Author Toledo

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Message Posted: Oct 10, 2012 5:16:30 AM

Now we just need to elect a good president instead of continuing the failed policies of the present.
FieroGT
Champion Author Twin Cities

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Message Posted: Oct 10, 2012 5:15:39 AM

I agree.
bassakwards007
Champion Author Orange County

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Message Posted: Oct 10, 2012 5:15:10 AM

Looks to be promising
NJColt
Champion Author New Jersey

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Message Posted: Oct 10, 2012 5:14:44 AM

Just cut the gas cost.
subnuke
Champion Author Atlanta

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Message Posted: Oct 10, 2012 5:13:24 AM

This should help the new Romney administration get over the failed obuma economic policies.
Ferdman17
Champion Author Albany

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Message Posted: Oct 10, 2012 5:13:15 AM

Nice to see this!
Pointtx
Champion Author Austin

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Message Posted: Oct 10, 2012 5:12:58 AM

*could* prompt.
Z06KY
Champion Author Louisville

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Message Posted: Oct 10, 2012 5:12:41 AM

Very good!
1178richmond
Champion Author New Jersey

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Message Posted: Oct 10, 2012 5:11:28 AM

ok
RADIOCANADA499
Champion Author Ontario

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Message Posted: Oct 10, 2012 5:09:54 AM

Cool!!!
bikerWI
Champion Author Milwaukee

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Message Posted: Oct 10, 2012 5:09:33 AM

Great new.
dar 1
Champion Author Michigan

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Message Posted: Oct 10, 2012 5:07:51 AM

Good for all...............
74celica
Champion Author Columbus

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Message Posted: Oct 10, 2012 5:07:49 AM

please keep the government out of it
Straitliner
Champion Author Illinois

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Message Posted: Oct 10, 2012 5:06:22 AM

I didnt know we were recovering from the recession.
4064BORI
Champion Author Virginia Beach

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Message Posted: Oct 10, 2012 5:05:50 AM

Ok
ponyNJ
Champion Author New Jersey

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Message Posted: Oct 10, 2012 5:05:38 AM

It will be an aid in our recovery if the government allows production to go forward. If they stop activity in favor of "Green Energy" then no help.
stratlinetime
Champion Author Kalamazoo

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Message Posted: Oct 10, 2012 5:04:56 AM

Ok
Bonanza
Champion Author Boston

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Message Posted: Oct 10, 2012 5:03:42 AM

Obama won't like this
vamike
Champion Author Virginia

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Message Posted: Oct 10, 2012 5:03:03 AM

Hope so.
04LTC
Veteran Author Massachusetts

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Message Posted: Oct 10, 2012 5:02:09 AM

sounds good
wrunner
Champion Author Virginia

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Message Posted: Oct 10, 2012 5:01:30 AM

Fasinating!
jethro5000
Champion Author Kentucky

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Message Posted: Oct 10, 2012 4:56:49 AM

Potential...
chuckhermann
Champion Author New York

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Message Posted: Oct 10, 2012 4:54:47 AM

That would be great news for the US economy.
mystic92
Champion Author New Jersey

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Message Posted: Oct 10, 2012 4:51:25 AM

ok lets see if this works in other areas
bababooey2
Champion Author Hartford

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Message Posted: Oct 10, 2012 4:51:05 AM

good
RockCity
Champion Author Denver

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Message Posted: Oct 10, 2012 4:50:03 AM

Methinks one could call it a shale gas lollapalooza, perhaps.
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