Investment in the U.S. chemical and plastics industry resulting from domestic shale gas has now surpassed $200 billion
American Chemistry Council
The Energy Edge: After Shale Insight 2018, One Thing Is Perfectly Clear
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The economic boom in oil and natural gas production resulting from advanced drilling technology lifted the US gross domestic product a full percentage point during the recent recession, says an IHS Global Insight expert, and it can continue to boost the economy for the foreseeable future.
John Larson, Vice President, Public Sector Consulting with IHS, said the fossil abundance unleashed by horizontal drilling and hydraulic fracturing also lowered energy prices enough in the recession that the average household saved $1,000 overall on what energy would have cost. Keep reading →
As consumers buy more stuff, they also throw more things away. And as the world faces an energy crisis, developers are increasingly looking to that garbage for power.
A group of scientists from the Earth Engineering Center (EEC) at Columbia University found that non-recycled plastics and municipal sold wastes could be significant American sources of power. In a study–funded by the American Chemistry Council (ACC)–published on Wednesday, the group found that waste energy was significant enough to wean America off foreign imported oil. Keep reading →
