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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.