Thursday, March 7, 2013

How the US Shale Gas Boom Could Derail China

With oil production at a twenty year high and predictions of a manufacturing renaissance for the U.S. economy, one of the world's largest investment banks has detailed how the "shale revolution" will negatively affect emerging markets such as China.

Hydraulic fracturing, or "fracking," has helped lead a revolution in gas and oil production in the United States. The new technology is unlocking oil and shale gas resources, spurring economic activity and giving industry a competitive edge with less expensive gas and electricity prices. These developments could lead to the industrialization of the U.S. economy and could deliver sustainable growth, Morgan Stanley said in a research note on Wednesday.

....The United States will likely compete with emerging markets for market share rather than being a consumer, Morgan Stanley said....

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