I'm sure we all know the term "off-shoring". Many of us live in areas where manufacturers took their plants over seas (off-shored them) along with good paying jobs. Many of us know all to well the devastation of lives that came with it.
Well there is a new term "re-shoring", bringing manufacturing back to the U.S. Why ? Here are a couple of quotes form V.P. Joe Biden: (I know there are snickers out there because i used quotes from Mr. Biden but he happens to be correct about this)
" And now there's an energy boom (in the U.S.). There's an energy boom that's changed
the paradigm of manufacturing. It's cheaper to manufacture in the United States than it
is in Europe and/or Asia."
" This idea of re-shoring is something many people thought we would never see in the
United States. But , thanks to advances in hydraulic fracturing and horizontal drilling,
the abundant supplies of affordable energy they have unleashed, this is now a reality."
This re-shoring is also bringing well paying jobs back to our country. President Obama had this to say recently:
" Our manufacturing sector that use to be losing jobs , just hemorrhaging jobs, is now
adding jobs for the first time since the 1990s."
The plastics and chemical industries which depend on natural gas liquids for feedstocks expects that about 100 announced expansions in those industries could create over 500,000 permanent well paying jobs. These expansions also have the potential for about $71.7 billion dollars of investment in our country.
Fueled by affordable and abundant energy from shale development we should expect this manufacturing boom to continue and provide hard working Americans, once again, with well paying jobs for many years to come.
Shale development is good for the American economy and the American worker.
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Appalachian,
I agree.
I read somewhere that at this point the amount of gas we produce far exceeds the amount we use. I think as the need grows here the gas will be sold here. But, in the interim sale of LNG means jobs here.
I guess we will see.
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