Saturday, July 4, 2015

Your good news of the day - A recent report projected that the cost of manufacturing in the U.S. will fall below costs in China within the next three years, in large part due to the rise of fracking.

Fortune, citing an analysis by Boston Consulting Group, reported that the average cost to produce goods is currently only 5 percent higher in the U.S. than in China, and that the cost is expected to be 2 to 3 percent lower by 2018.

Rising wages in China and increased industrial productivity in the U.S. contributed to that trend, but the report cited hydraulic fracturing as the primary reason for the shift in costs.
  1. Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well.



 Now, if we could just get the government to get out of the way and "release the Kraken," so to speak, we could really rock the world in manufacturing. Lower energy costs would allow multiple avenues of manufacturing to thrive.  That would help generate the wealth to pay the debt, and, for you socialists out there, fund the crazy nanny chit that guys like Bernie Sanders want to give away for "free."

 Faster, please!
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7 comments:

  1. fjordJuly 4, 2015 at 5:30 PM

    Wolf, successor of Corbett as govnr of Pa has put a huge halt on fracking in the marcellus shale area. Millions of $ of equipment sits idle because no fracking on public, state lands and other companies moved out of state because of threat of extraction tax and redundant fed and state regs.

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    1. fjordJuly 4, 2015 at 5:37 PM

      Wolf is a buddy of obama. Need i say more.

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    2. c w swansonJuly 4, 2015 at 6:01 PM

      Nope. Impoverishing Americans seems to be the goal of that bunch.

      Delete
  2. SteveJuly 5, 2015 at 6:45 AM

    As fjord hinted, this won't happen. This administration has no interest at all in making the USA a stronger economic force, or in insuring our independence from foreign influences. Just the opposite. I expect that there will be some sort of Federal action to either halt fracking entirely or make it so expensive (coal energy production, anyone?) that the companies will have to halt it themselves.

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  3. LLJuly 5, 2015 at 8:10 AM

    This is the only way that we can pay off the MASSIVE debt that the Obama regime has saddled us with.

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    1. c w swansonJuly 5, 2015 at 8:14 AM

      Obama and Bush II. Rino's are only marginally better than full on Democrats for fiscal insanity. That's one reason I can't stomach the idea of Jeb!

      Delete
  4. Ed LongJuly 5, 2015 at 4:10 PM

    We supporters better be ready to respond to the arguments THEY present regarding what fracking causes: earthquakes; droughts; climate change; economic inequality; cronyism; monopolies; decline in home values; contamination of water, uprooted communities. I'm just saying.

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