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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Oil and gas boom will revive the American economy

    Rocky
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    • Post n°1

    Oil and gas boom will revive the American economy Empty Oil and gas boom will revive the American economy

    Post by Rocky Sat 11 Oct 2014, 5:31 am

     Oil and gas boom will revive the American economy
     

     
           Oil and gas boom will revive the American economy 273922
    Graph billion Barrels
    Posted: Saturday, October 11th, 2014
    Translation: Hassouna Taieb
    Suggests the old factory complex in the city of Youngs Town, Ohio, plants that grow around it long, upon the expiry of the industrial golden age in the United States.

    But this spin inside the complex, which occupies an area of ​​14 acres, another story of tireless activity and movement.

    This is part of a shift change, which has spread in many areas of America abandoned, thanks to the boom in domestic oil and gas production, which led to the changing economic accounts for industries and cities abandoned the old alike.

     
    Oil and gas boom will revive the American economy Adverttop
     
    Oil and gas boom will revive the American economy Advertbottom
    In Ohio, it is the city of Youngs Town in the south to Canton and even rural parts of the state, where the extraction of the bulk of the natural gas from the depths of the rock, the uncle of the change entire sectors of industry to hotels, real estate and even the law.

     
    And reflects a series of recent economic indicators, including recruitment processes in factories, the recovery enjoyed by the industrial sector in various parts of the United States.

    Katie says George, who heads the Department of Global Industries Foundation in Mac Kinsey & Company Advisory: «The current rate of energy production, an important factor in the processes of change with regard to the American economy.

    As well as helping to provide an opportunity for the abandoned areas to renew its manifestations ».

    Environmental consequences but did not disturb the environmental consequences resulting from this mutation and the use of non-traditional methods of drilling for oil and gas extraction, of widespread controversy about American cities.

    The authorities imposed a ban in New York on the use of techniques atomizing water, under the pretext of the possibility that the cause of fluid that is injected into the rock to free the oil or gas, the contamination of drinking water.

    In spite of the danger that this might raise environmental concerns, but it has not been significant opposition by residents who are most in need of economic growth that accompanied these processes regardless of the risks.

    And Farragut Valorett, French industrial giant company, the establishment of a factory in the city of Youngs Town covers an area of ​​one million sq ft, which is dedicated to the production of metal tubes for the energy sector as the first factory in the region 50 years ago.

    It is expected to create another small factory in the next year, to produce pieces that connect pipes to each other, next to the existing plant, which at a cost of about $ 1.1 billion.

    The show case for change is evident in urban markets located in northeast Ohio, which was moribund before period, as well as economic numbers in the state in general.

    The rate of unemployment in the state, 5.7% in July without national rate at 6.1%, a significant shift in 4 years ago, when the unemployment rate reached 10.6% in Ohio, surpassing the national rate, and companies to lay off employees in many American states .

    The unemployment rate dropped in the city of Youngs Town to 6.7% compared with 13.3% in 2010.

    Lack of investment, says Ned Hill, professor of economic development at Cleveland State University: «suffered Youngs Town and the city of Canton absence of investment for a period of not less than forty years, but no longer now deserted these cities, where the streets became crowded traffic».

    Although the Youngs Town and its neighbor Mahonnj, not like cities such as Silicon Valley or Pittsburgh, but their past and called in search of industrial growth in sectors such as health care and education.

    Youngs Town saw the establishment of other plants, such as, Xstran in May 2013 for the manufacture of equipment used in oil and gas production.

    A study prepared by McKenzie in the past year, the possibility of providing operations shale gas and oil arbitrator, about 1.7 million jobs across America, where it is expected that distributed most of these jobs in cities such as Youngs Town, due to the near production fields like new, Utica gas rock.

    America is still imported manufactured products exceed hundreds of billions of dollars in what you are exporting.

    But industrial production has returned strongly in the wake of the Great Depression, by nearly 20% since 2009.

    Also recovered as functions of the industrial sector at that time, after suffering a big drop during the crisis.

    Since the decline of jobs to the lowest level in 2010, industrial companies added about 700 thousand jobs, bringing the total workforce in the sector in the United States of America about 12.2 million jobs.

    And enjoy as well as consumer goods sectors, which were able to withstand during the years of suffering, recovery also.

    It also succeeded smaller cities such as Canton, in attracting white-collar employees of workers in sectors including law, engineering, space, and other specialized functions, rather than employees of factories.

    The company Retyaw Engineering Services of the City of Lancaster, Pennsylvania, to open its first office in Canton in August 2011.

    Rural areas and despite the fact that the economic impact is less pronounced in the rural areas of the state of Ohio, but it is no less important.

    It was in Harrison County set up a factory for the distillation, it is one of the three factories had constructed a giant Axis Mdstrem working in the field of energy in Oklahoma City.

    The company has spent the past three years about $ 1.8 billion on operations infrastructure, in order to assist in refining and separation of hydrocarbon crude extracted from the field Utica shale gas.

    And confirms Scott Hallam, the supervisor of the company's business in the field, to spend such a large amount does not come in vain, but in the annex of the revenues are expected to continue for at least 50 years.

    While looking forward to the future of the energy sector extends for about half a century, preparing real estate developers to create hotels that accommodate arriving and returning to these cities, after being abandoned for many years due to the economic recession.

    Quoting: The New York Times International
    http://www.alittihad.ae/details.php?id=88490&y=2014&article=full
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