Chesapeake CEO on U.S. Industrial Renaissance
"Natural gas is a feedstock in basically every industrial process, and the price of gas in the U.S. is a fraction of what it is in Europe or Asia. This country has an incredible advantage headed its way as Asian labor costs rise, as the cost to transport goods from Asia to the U.S. rises, as oil prices rise, as American labor costs have stagnated or gone down in the last 10 years. We have a really wonderful opportunity to kick off an industrial renaissance in the U.S."
~Chesapeake Energy CEO Aubrey McClendon in today's WSJ