Seeking Economic Gains

Jan. 21, 2012
The USA has gas. A lot of it. We are of course talking about the supply of natural gas in this country; a supply that has become more abundant because of shale-gas and fracturing. The logical economic spin off benefit from this supply trend is ...

The USA has gas. A lot of it.

We are of course talking about the supply of natural gas in this country; a supply that has become more abundant because of shale-gas and fracturing.

The logical economic spin off benefit from this supply trend is remarkably low pricing for this important energy source. The favorable pricing looks likely to continue and it is changing people's plans on everything from constructing coal, wind, and nuclear power facilities to providing a competitive edge to manufacturers who use natural gas as a primary source of energy. For the latter group, this means increasing profitability.

Not coincidentally, hundreds of thousands of jobs are being created.

This is an example of what can happen when government gets out of the way and businesses are allowed to seek economic gains.

Perhaps the role of government should be limited to ensuring that these gains are sought responsibly.

The bottom line right now is that jobs are being created and not by the Administration and/or the Congress. Efficiently creating economically viable jobs is the role of businesses.

A role seemingly best performed when government recognizes its limitations.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!