Breitling Oil and Gas Texas and California Morning Podcast #405

Because of cheap natural gas and just since 2011, 128 new energy-hungry industrial plants have been announced in the Gulf Coast region alone, with a combined value of $114 billion.  Why?  Cheap and abundant natural gas.

The aluminium, iron and steel industries are also taking advantage of cheap gas supplies. Recently 19 new or expanded plants have been announced by firms including US Steel, Alcoa and ArcelorMittal. Nucor is rebuilding on a site in Louisiana, whose original plant was dismantled and shipped to Trinidad nearly a decade ago, when gas prices were rising in America. Makers of such things as cement and tires are heavy consumers of energy, too, and thus stand to benefit from cheap gas.  So jobs are moving back and so are the plants.

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