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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

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Oct 16, 2012 5:53:32 AM Ignore honda0105 Report Abuse it'll be the same as with gasoline and diesel. Eventually things will run low.
jrs4125 Champion Author Indiana Posts:2,768 Points:593,695 Joined:Sep 2011	Message Posted: Oct 11, 2012 7:32:47 AM Ignore jrs4125 Report Abuse This will work for a while.
MAC48 Champion Author Dallas Posts:1,550 Points:767,825 Joined:Dec 2006	Message Posted: Oct 10, 2012 7:05:53 PM Ignore MAC48 Report Abuse 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 Los Angeles Posts:1,677 Points:926,145 Joined:Mar 2009	Message Posted: Oct 10, 2012 6:03:30 PM Ignore wshutton Report Abuse 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:3,085 Points:604,900 Joined:Aug 2011	Message Posted: Oct 10, 2012 10:34:45 AM Ignore A2J Report Abuse gas to what ?
eschroth442 Champion Author Cleveland Posts:1,089 Points:334,695 Joined:Nov 2011	Message Posted: Oct 10, 2012 8:19:29 AM Ignore eschroth442 Report Abuse lower cost energy fuels company growth and economic development. Drill for the gas and use it in our industries!!!
bar1035 Champion Author Charlotte Posts:9,172 Points:1,300,170 Joined:Aug 2006	Message Posted: Oct 10, 2012 7:39:51 AM Ignore bar1035 Report Abuse Well said wegman. You should be required reading
pitamon Champion Author Philadelphia Posts:4,909 Points:1,828,085 Joined:Sep 2004	Message Posted: Oct 10, 2012 7:21:31 AM Ignore pitamon Report Abuse How about building those chemical plants closer to the NG?
teamsimons Champion Author South Carolina Posts:2,483 Points:503,620 Joined:Aug 2011	Message Posted: Oct 10, 2012 6:56:27 AM Ignore teamsimons Report Abuse 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:314 Points:31,840 Joined:Dec 2009	Message Posted: Oct 10, 2012 6:56:12 AM Ignore dogsdog Report Abuse well said wegman
ReddevilNO Champion Author New Orleans Posts:3,381 Points:582,890 Joined:Aug 2011	Message Posted: Oct 10, 2012 6:43:07 AM Ignore ReddevilNO Report Abuse Ok.
Cableman66 Champion Author North Carolina Posts:2,125 Points:492,120 Joined:May 2011	Message Posted: Oct 10, 2012 6:41:28 AM Ignore Cableman66 Report Abuse 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:2,391 Points:760,245 Joined:Feb 2011	Message Posted: Oct 10, 2012 6:37:09 AM Ignore 335d1 Report Abuse I'll wait and see about that.
wegman Champion Author Twin Cities Posts:7,817 Points:2,090,500 Joined:Jun 2001	Message Posted: Oct 10, 2012 6:29:27 AM Ignore wegman Report Abuse 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:11,658 Points:1,788,860 Joined:Jun 2008	Message Posted: Oct 10, 2012 6:26:35 AM Ignore WonderfulMI Report Abuse This is self-evident.
cheapertvs Champion Author Richmond Posts:10,295 Points:2,743,670 Joined:Jan 2004	Message Posted: Oct 10, 2012 6:25:26 AM Ignore cheapertvs Report Abuse Great! We need all the petroleum related jobs here!
Jeffro61 Champion Author Cleveland Posts:2,282 Points:2,287,070 Joined:Oct 2005	Message Posted: Oct 10, 2012 6:23:42 AM Ignore Jeffro61 Report Abuse Frack on.
Zuman Champion Author New York Posts:6,174 Points:1,900,630 Joined:May 2005	Message Posted: Oct 10, 2012 6:21:53 AM Ignore Zuman Report Abuse Good
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Oct 10, 2012 6:20:10 AM Ignore SparkieMi Report Abuse Sounds good....
firasatali Champion Author Toronto Posts:3,110 Points:570,000 Joined:May 2011	Message Posted: Oct 10, 2012 6:19:29 AM Ignore firasatali Report Abuse ok
DavidsChallenge All-Star Author Louisville Posts:635 Points:125,805 Joined:Aug 2012	Message Posted: Oct 10, 2012 6:19:25 AM Ignore DavidsChallenge Report Abuse Common since.
skippypa Champion Author Hawaii Posts:8,486 Points:1,742,880 Joined:Jun 2008	Message Posted: Oct 10, 2012 6:18:01 AM Ignore skippypa Report Abuse Interesting
dandvicb Champion Author Bridgeport Posts:1,237 Points:1,077,930 Joined:Jul 2004	Message Posted: Oct 10, 2012 6:17:03 AM Ignore dandvicb Report Abuse cewrtainly won't extend to the middle class!!
bowler360 Champion Author Illinois Posts:1,980 Points:500,750 Joined:Jun 2011	Message Posted: Oct 10, 2012 6:17:00 AM Ignore bowler360 Report Abuse It's the way to go, Cheaper for them means cheaper for end user,.......usually.
yonasb Champion Author Houston Posts:3,463 Points:739,875 Joined:Apr 2011	Message Posted: Oct 10, 2012 6:16:45 AM Ignore yonasb Report Abuse Ok
76chevy Champion Author Toledo Posts:3,994 Points:770,280 Joined:Jun 2010	Message Posted: Oct 10, 2012 6:16:30 AM Ignore 76chevy Report Abuse Now we just need to elect a good president instead of continuing the failed policies of the present.
FieroGT Champion Author Twin Cities Posts:14,332 Points:2,508,060 Joined:Mar 2005	Message Posted: Oct 10, 2012 6:15:39 AM Ignore FieroGT Report Abuse I agree.
bassakwards007 Champion Author Orange County Posts:1,142 Points:246,170 Joined:Aug 2012	Message Posted: Oct 10, 2012 6:15:10 AM Ignore bassakwards007 Report Abuse Looks to be promising
NJColt Champion Author New Jersey Posts:12,650 Points:2,644,935 Joined:Aug 2005	Message Posted: Oct 10, 2012 6:14:44 AM Ignore NJColt Report Abuse Just cut the gas cost.
subnuke Champion Author Atlanta Posts:7,503 Points:1,509,890 Joined:Sep 2008	Message Posted: Oct 10, 2012 6:13:24 AM Ignore subnuke Report Abuse This should help the new Romney administration get over the failed obuma economic policies.
Ferdman17 Champion Author Albany Posts:1,298 Points:376,485 Joined:Feb 2012	Message Posted: Oct 10, 2012 6:13:15 AM Ignore Ferdman17 Report Abuse Nice to see this!
Pointtx Champion Author Austin Posts:3,246 Points:727,030 Joined:Mar 2011	Message Posted: Oct 10, 2012 6:12:58 AM Ignore Pointtx Report Abuse could prompt.
Z06KY Champion Author Louisville Posts:5,155 Points:907,665 Joined:Nov 2010	Message Posted: Oct 10, 2012 6:12:41 AM Ignore Z06KY Report Abuse Very good!
1178richmond Champion Author New Jersey Posts:2,901 Points:799,250 Joined:Feb 2011	Message Posted: Oct 10, 2012 6:11:28 AM Ignore 1178richmond Report Abuse ok
RADIOCANADA499 Champion Author Ontario Posts:2,346 Points:778,880 Joined:Aug 2005	Message Posted: Oct 10, 2012 6:09:54 AM Ignore RADIOCANADA499 Report Abuse Cool!!!
bikerWI Champion Author Milwaukee Posts:1,428 Points:879,435 Joined:Apr 2010	Message Posted: Oct 10, 2012 6:09:33 AM Ignore bikerWI Report Abuse Great new.
dar 1 Champion Author Michigan Posts:5,903 Points:446,615 Joined:Jan 2005	Message Posted: Oct 10, 2012 6:07:51 AM Ignore dar 1 Report Abuse Good for all...............
74celica Champion Author Columbus Posts:1,440 Points:1,811,650 Joined:May 2006	Message Posted: Oct 10, 2012 6:07:49 AM Ignore 74celica Report Abuse please keep the government out of it
Straitliner Champion Author Illinois Posts:1,510 Points:239,475 Joined:Sep 2012	Message Posted: Oct 10, 2012 6:06:22 AM Ignore Straitliner Report Abuse I didnt know we were recovering from the recession.
4064BORI Champion Author Virginia Beach Posts:1,382 Points:422,300 Joined:Feb 2010	Message Posted: Oct 10, 2012 6:05:50 AM Ignore 4064BORI Report Abuse Ok
ponyNJ All-Star Author New Jersey Posts:525 Points:893,250 Joined:Apr 2008	Message Posted: Oct 10, 2012 6:05:38 AM Ignore ponyNJ Report Abuse 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:2,291 Points:565,785 Joined:Feb 2011	Message Posted: Oct 10, 2012 6:04:56 AM Ignore stratlinetime Report Abuse Ok
Bonanza Champion Author Boston Posts:12,093 Points:2,552,730 Joined:Jun 2004	Message Posted: Oct 10, 2012 6:03:42 AM Ignore Bonanza Report Abuse Obama won't like this
vamike Champion Author Virginia Posts:5,336 Points:1,366,900 Joined:Dec 2008	Message Posted: Oct 10, 2012 6:03:03 AM Ignore vamike Report Abuse Hope so.
04LTC Veteran Author Massachusetts Posts:316 Points:99,920 Joined:Sep 2012	Message Posted: Oct 10, 2012 6:02:09 AM Ignore 04LTC Report Abuse sounds good
wrunner Champion Author Virginia Posts:4,455 Points:1,138,535 Joined:Dec 2009	Message Posted: Oct 10, 2012 6:01:30 AM Ignore wrunner Report Abuse Fasinating!
jethro5000 Champion Author Kentucky Posts:1,887 Points:393,185 Joined:Jun 2005	Message Posted: Oct 10, 2012 5:56:49 AM Ignore jethro5000 Report Abuse Potential...
chuckhermann All-Star Author New York Posts:967 Points:500,925 Joined:Jun 2011	Message Posted: Oct 10, 2012 5:54:47 AM Ignore chuckhermann Report Abuse That would be great news for the US economy.
mystic92 Champion Author New Jersey Posts:1,190 Points:319,120 Joined:May 2012	Message Posted: Oct 10, 2012 5:51:25 AM Ignore mystic92 Report Abuse ok lets see if this works in other areas
bababooey2 Champion Author Hartford Posts:6,357 Points:1,304,565 Joined:Sep 2009	Message Posted: Oct 10, 2012 5:51:05 AM Ignore bababooey2 Report Abuse good