Cheap Energy Revives US Manufacturing, Skint Brits Shiver
16th December 2011
In a new report this week PwC predicts US manufacturing will undergo a renaissance thanks to cheap energy, with shale gas saving industry $11.6bn in lower, not higher bills. By remaining wary of climate change mitigation policies, the US economy seems to have dodged a bullet.
Amazing how well that works. The key characteristic of all the hard times going around is that they are mostly self-inflicted (if you suppose that governments and their peoples are on the same side, which is growing increasingly difficult to believe).
December 16th, 2011 at 11:11
Shale gas. It’s all wonderful until your tap water catches fire.
December 16th, 2011 at 14:47
Sweet, that should cut my heating bill at least in half.