Shale gas boom gives U.S. manufacturers an edge—Keeping the edge, Part 2

As discussed in Part 1, the U.S. shale gas boom has made natural gas plentiful and cheap, giving U.S. manufacturers a competitive edge over rival manufacturing countries where the price of natural gas and electricity is several times higher. (The U.S. edge has some staying power. Consider China, where the challenges of producing shale gas are significant. In less government-supportive locations like Europe, it's even more challenging.) Energy companies and petrochemicals manufacturers from Exxon-Mobil to Dow are building enormous facilities to process natural gas to produce ethane and propane, then ethylene and propylene, the most important raw materials in the petrochemicals industry....

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