America has a pressing need for new energy infrastructure, including pipelines. We project that the pipeline infrastructure industry will be an attractive area for investment for as far as the eye can see. Our research and recommendations are published monthly in Richard C. Young’s Intelligence Report. Get the short story on pipelines by reading here, here and here.
Here americanchemistry.com offers a glimpse into the future.
From New supplies of natural gas and natural gas liquids (NGLs) from shale formations have been transformative. “In 2010, less than 20 percent of natural gas produced in the U.S. came from shale,” Mr. Kean said. “Today, it’s more than 50 percent. Production has far exceeded projections made only three years ago.
Such dramatic supply growth looks like a lasting trend. U.S. Energy Information Administration (EIA) projects that domestic natural gas production will increase through at least 2040.
With a robust supply outlook, expected to last for decades, and lower costs for fuel and feedstock, the U.S. has become the most attractive place in the world to make chemicals and plastics.
New chemical industry investment will yield broad economic benefits. ACC analysis shows that the new capital spending could create $105 billion in new annual chemical industry output and 738,000 permanent new jobs throughout the U.S. economy by 2023.
Dynamic growth in U.S. natural gas supply and demand begs the question: How will these resources be transported? A number of studies point to a pressing need for new energy infrastructure, including pipelines.
A report by ICF International for the INGAA Foundation says additional midstream infrastructure is essential to deliver natural gas and NGLs to households, businesses, industrial consumers, refineries and power plants.
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