Industrial Revolution
Someone actually said it. You can manufacture products more cheaply in the U.S. than China. Chuck Bunch, the amazing CEO of PPG Industries (PPG), said that last night on "Mad Money" and made it clear that with wages going up 10% a year in China and with the much more expensive energy costs there than here (natural gas, of course), he can make his coatings and paints in the U.S. with a real cost advantage.
This is the industrial renaissance that the lower natural gas prices are bringing. We know we have it with Dow Chemical (DOW), as it is siting plants here not overseas. You know we have heard it when it comes to Owens-llinois (OI), where glass is made with natural gas....380 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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