The Shale-Gas Boom Comes to the U.K. and How The Multiplier Impact Can Revive Manufacturing
WALL STREET JOURNAL -- "With Cuadrilla's announcement, shale gas goes from something ignored by policy elites on the grounds that it can only be developed in America, to something that is happening in real time in Europe."
And here's a key point made by Alan Riley in the WSJ article:
"One of the overlooked consequences of the U.S. shale-gas revolution has been the multiplier impact that access to large quantities of cheap gas can have on the broader U.S. economy. Shale gas could lead to a revival of the American steel and chemicals industry, and of energy-intensive manufacturing. It may also push food prices lower, since natural gas provides 80% of the constituent of most modern fertilizer."