remember the cheaper it is for them does not translate to cheaper for us scorpion frog syndrome
LUDWIGSHAFEN, Germany — This sprawling chemical plant along the Rhine River has been a jewel of Germany’s powerful manufacturing economy for more than a century. But a widening chasm between energy prices in Europe and the United States has European industry scrambling to make emigration plans.
A natural gas boom in the United States has sent manufacturing costs plummeting, and European companies are setting sail across the Atlantic to stay competitive. U.S. natural gas prices have fallen to a quarter of those in Europe, a gap that has swiftly widened in the past three years as shale gas has taken off. Many companies expect a long-term realignment.
is this good or bad?
The shift toward investment in the United States is another testament to the far-reaching effects of newly unlocked American energy reserves, made possible by new applications of technology that have lagged in Europe. Energy-intensive industries such as steel and chemicals are particularly affected, because they use natural gas as a raw material and a power source. But many analysts say those industries are simply the vanguard of a broader shift, because the boom has given an advantage to all U.S.-based manufacturing through lower electricity prices.
fracking by those reasonable oliticians wanted more investigation before approving the method of extraction, but now we get i to those that are doing it the big oiland large corp., capable of bribing and cooking the results of test. their is a whole rack of loot to be made and he right wing has said theyweren't going to let any fact checker get in their way, in this slow economy they will make an argument that European money is here, yeah but it's not going to you or me.
As billions of dollars pour into the United States, the outflow from Europe is costing jobs and weighing on decisions there about ambitious and expensive green-friendly policies.“It’s become clear, with the drop in gas and electricity prices in the United States, that we are, at the moment, at a significant disadvantage with our competitors,” said Gordon Moffat, the general director of Eurofer, the main lobby group for European steel manufacturers. “The reality will hit home in Europe as regards climate policy. There will be modifications in order to take better account of our industrial realities.”
big money draws big money and we know it's all about keeping it and growing it. now with this vehicle blowing up we should be glad we elected Pres., the right would have done away with EPA and Interior and regulations.
where would that leave us gasping for air?
