The latest earnings season had its fair share of short revenues, dimmed outlooks, and layoff announcements. But for a few companies and industry segments, there is a silver lining: energy costs are staying in line, thanks to the natural gas glut.
The natural gas advantage helps on two levels. Chemical companies, plastic makers, and fertilizer outfits use natural gas to make key ingredients for their products. Other companies, like metal workers and utilities, can use natural gas to produce energy for their operations or power customers.
"Our natural gas consumption has gone up 150 percent for this year versus last year so that's the kind of renaissance that's occurring in the energy industry that we haven't seen before," American Electric Power CEO Nick Akins said ...
Sunday, October 28, 2012
Over Time, Cheap Energy in the US Will Widen The Delta in Growth: Europe vs US -- And We Might Being Seeing Some Evidence of It Now
Link here to Yahoo!News.
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