The Economics of American Energy is a Win-Win

on September 10, 2014 at 11:00 AM

Iraqi Kurdistan Starts Oil Exports

An Energy Boom Lifts the Heartland

NY Times: Waist-high weeds and a crumbling old Chevy mark the entrance to a rust-colored factory complex on the edge of town here, seemingly another monument to the passing of the golden age of American industry.

But deep inside the 14-acre site, the thwack-thwack-thwack sound of metal on metal tells a different story.

“We’re holding our own,” said Greg Hess, who is looking to hire draftsmen and machine operators at the company he runs, Youngstown Bending and Rolling. “I feel good that we saved this place from the wrecking ball.”

The turnaround is part of a transformation spreading across the heartland of the nation, driven by a surge in domestic oil and gas production that is changing the economic calculus for old industries and downtrodden cities alike.

Read more: http://nyti.ms/1xzjM8E

By Mary Leschper

Originally posted September 8, 2014

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