America’s Unevenly Distributed Resurgence In Manufacturing Starts In The Shale Fields

Institute Director Mark Mills discusses the positive economic effects of the expanded production of domestic energy in Forbes.  Mills concludes:

“The effects of the boom in the energy-intensive manufacturing ecosystem will inevitably ripple out, catalyzing more manufacturing both upstream and downstream.  New less energy-intensive manufacturing businesses will take advantage of the proximity to low-cost high-reliability supplies and suppliers  as well as the growth in labor force skills and the advances and investments in new underlying technologies.   That’s how industrial and economic ecosystems work.  And that’s precisely what policymakers hope will happen when they try to “stimulate” such outcomes.  But none of this requires taxpayer money.  In this case, all activity is adding to state and federal treasuries.”

The article is available at http://www.forbes.com/sites/markpmills/2013/11/04/americas-unevenly-distributed-resurgence-in-manufacturing-has-started-in-the-shale-fields/.

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