What the ‘frack is ‘fracking’? – GPS

Good stuff from Fareed Zakaria’s GPS blog.  He argues that the rise of “shale gas is shaping up to be the biggest shift in energy in generations”  and,

More important, the United States has become the world’s low-cost producer of natural gas. That fact is already changing the future of U.S. manufacturing. Companies such as Dow Chemical and Westlake Chemical are finding that low U.S. energy costs can mitigate the lower cost of labor in Asia – making it economical to keep and even build manufacturing facilities in the United States.

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1 Response to What the ‘frack is ‘fracking’? – GPS

  1. Pingback: Chart of the Day: Price Divergence between Oil and Natural Gas | Credit Writedowns

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