Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:55 AM

GasBuddy News Article

37
votes
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


Read the Full Article

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

Posts:24,330
Points:2,442,140
Joined:Nov 2008
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

Posts:4,993
Points:1,376,365
Joined:Sep 2011
Message Posted: Oct 11, 2012 6:32:47 AM

This will work for a while.
MAC48
Champion Author Dallas

Posts:4,053
Points:1,517,435
Joined:Dec 2006
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

Posts:5,012
Points:1,717,510
Joined:Mar 2009
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

Posts:6,231
Points:1,354,625
Joined:Aug 2011
Message Posted: Oct 10, 2012 9:34:45 AM

gas to what ?
eschroth442
Champion Author Cleveland

Posts:3,220
Points:893,015
Joined:Nov 2011
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

Posts:13,710
Points:2,122,495
Joined:Aug 2006
Message Posted: Oct 10, 2012 6:39:51 AM

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

Posts:7,595
Points:2,603,855
Joined:Sep 2004
Message Posted: Oct 10, 2012 6:21:31 AM

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

Posts:4,027
Points:1,110,335
Joined:Aug 2011
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

Posts:315
Points:33,060
Joined:Dec 2009
Message Posted: Oct 10, 2012 5:56:12 AM

well said wegman
ReddevilNO
Champion Author New Orleans

Posts:3,481
Points:600,290
Joined:Aug 2011
Message Posted: Oct 10, 2012 5:43:07 AM

Ok.
Cableman66
Champion Author North Carolina

Posts:5,847
Points:1,323,825
Joined:May 2011
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

Posts:5,773
Points:1,538,820
Joined:Feb 2011
Message Posted: Oct 10, 2012 5:37:09 AM

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

Posts:11,028
Points:2,888,110
Joined:Jun 2001
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

Posts:15,229
Points:2,622,355
Joined:Jun 2008
Message Posted: Oct 10, 2012 5:26:35 AM

This is self-evident.
cheapertvs
Champion Author Richmond

Posts:13,798
Points:3,554,995
Joined:Jan 2004
Message Posted: Oct 10, 2012 5:25:26 AM

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

Posts:5,195
Points:3,014,770
Joined:Oct 2005
Message Posted: Oct 10, 2012 5:23:42 AM

Frack on.
Zuman
Champion Author New York

Posts:9,456
Points:2,700,130
Joined:May 2005
Message Posted: Oct 10, 2012 5:21:53 AM

Good
SparkieMi
Champion Author Kalamazoo

Posts:6,450
Points:1,375,975
Joined:Sep 2011
Message Posted: Oct 10, 2012 5:20:10 AM

Sounds good....
firasatali
Champion Author Toronto

Posts:6,509
Points:1,330,080
Joined:May 2011
Message Posted: Oct 10, 2012 5:19:29 AM

ok
DavidsChallenge
All-Star Author Louisville

Posts:635
Points:125,805
Joined:Aug 2012
Message Posted: Oct 10, 2012 5:19:25 AM

Common since.
skippypa
Champion Author Hawaii

Posts:11,878
Points:2,575,405
Joined:Jun 2008
Message Posted: Oct 10, 2012 5:18:01 AM

Interesting
dandvicb
Champion Author Bridgeport

Posts:3,442
Points:1,810,805
Joined:Jul 2004
Message Posted: Oct 10, 2012 5:17:03 AM

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

Posts:5,162
Points:1,324,820
Joined:Jun 2011
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

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Oct 10, 2012 5:16:45 AM

Ok
76chevy
Champion Author Toledo

Posts:5,299
Points:1,445,640
Joined:Jun 2010
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

Posts:16,877
Points:3,066,380
Joined:Mar 2005
Message Posted: Oct 10, 2012 5:15:39 AM

I agree.
bassakwards007
Champion Author Orange County

Posts:4,426
Points:1,074,850
Joined:Aug 2012
Message Posted: Oct 10, 2012 5:15:10 AM

Looks to be promising
NJColt
Champion Author New Jersey

Posts:15,820
Points:3,441,570
Joined:Aug 2005
Message Posted: Oct 10, 2012 5:14:44 AM

Just cut the gas cost.
subnuke
Champion Author Atlanta

Posts:10,373
Points:2,288,585
Joined:Sep 2008
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

Posts:4,457
Points:1,194,530
Joined:Feb 2012
Message Posted: Oct 10, 2012 5:13:15 AM

Nice to see this!
Pointtx
Champion Author Austin

Posts:6,433
Points:1,514,875
Joined:Mar 2011
Message Posted: Oct 10, 2012 5:12:58 AM

*could* prompt.
Z06KY
Champion Author Louisville

Posts:8,553
Points:1,711,475
Joined:Nov 2010
Message Posted: Oct 10, 2012 5:12:41 AM

Very good!
1178richmond
Champion Author New Jersey

Posts:3,775
Points:964,350
Joined:Feb 2011
Message Posted: Oct 10, 2012 5:11:28 AM

ok
RADIOCANADA499
Champion Author Ontario

Posts:5,755
Points:1,590,060
Joined:Aug 2005
Message Posted: Oct 10, 2012 5:09:54 AM

Cool!!!
bikerWI
Champion Author Milwaukee

Posts:4,786
Points:1,684,565
Joined:Apr 2010
Message Posted: Oct 10, 2012 5:09:33 AM

Great new.
dar 1
Champion Author Michigan

Posts:9,163
Points:605,395
Joined:Jan 2005
Message Posted: Oct 10, 2012 5:07:51 AM

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

Posts:4,814
Points:2,622,935
Joined:May 2006
Message Posted: Oct 10, 2012 5:07:49 AM

please keep the government out of it
Straitliner
Champion Author Illinois

Posts:4,965
Points:1,043,155
Joined:Sep 2012
Message Posted: Oct 10, 2012 5:06:22 AM

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

Posts:1,508
Points:590,745
Joined:Feb 2010
Message Posted: Oct 10, 2012 5:05:50 AM

Ok
ponyNJ
Champion Author New Jersey

Posts:1,266
Points:1,186,470
Joined:Apr 2008
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

Posts:5,663
Points:1,376,140
Joined:Feb 2011
Message Posted: Oct 10, 2012 5:04:56 AM

Ok
Bonanza
Champion Author Boston

Posts:16,094
Points:3,372,830
Joined:Jun 2004
Message Posted: Oct 10, 2012 5:03:42 AM

Obama won't like this
vamike
Champion Author Virginia

Posts:8,343
Points:2,166,965
Joined:Dec 2008
Message Posted: Oct 10, 2012 5:03:03 AM

Hope so.
04LTC
Veteran Author Massachusetts

Posts:316
Points:662,370
Joined:Sep 2012
Message Posted: Oct 10, 2012 5:02:09 AM

sounds good
wrunner
Champion Author Virginia

Posts:7,917
Points:1,949,825
Joined:Dec 2009
Message Posted: Oct 10, 2012 5:01:30 AM

Fasinating!
jethro5000
Champion Author Kentucky

Posts:5,284
Points:1,221,465
Joined:Jun 2005
Message Posted: Oct 10, 2012 4:56:49 AM

Potential...
chuckhermann
Champion Author New York

Posts:2,010
Points:1,081,945
Joined:Jun 2011
Message Posted: Oct 10, 2012 4:54:47 AM

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

Posts:4,531
Points:1,132,960
Joined:May 2012
Message Posted: Oct 10, 2012 4:51:25 AM

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

Posts:9,748
Points:2,114,570
Joined:Sep 2009
Message Posted: Oct 10, 2012 4:51:05 AM

good
RockCity
Champion Author Denver

Posts:11,539
Points:2,245,860
Joined:Mar 2009
Message Posted: Oct 10, 2012 4:50:03 AM

Methinks one could call it a shale gas lollapalooza, perhaps.
Post a reply Back to Topics