Boat-building industry booms as energy production increases

The energy boom is gradually spreading influence over several industries, and one of which is shipbuilding. The shipbuilding sector is enjoying a major growth which is considered as the biggest boost in decades. At present, it pitches in some $36 billion to the US economy.

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Fox News gathers that this development has not been observed since the 1970s. “The movement of more oil has built up a real commercial shipbuilding renaissance,” said Matthew Paxton, president of the Shipbuilders Council of America.

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Despite the struggling economy, this period of new growth and activity is taking place, thanks to the increase in the production of natural gas in the country. Fox News attests that the huge amounts of gas and oil extracted from shale, through hydraulic fracturing, have contributed to the country’s energy boost. Hence, industry experts have dubbed the country as “the Saudi Arabia of natural gas.”

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Natural gas is a promising alternative source of energy for industries, including the shipbuilding industry. More about the discussion of natural gas can be found on Dr. Ali Ghalambor and Dr. Boyun Guo’s highly acclaimed book, The Natural Gas Engineering Handbook. For more resources about the production of natural gas and sustainable energy sources, access this Facebook page.

Natural gas: Strengthening local economies

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Experts of the oil and gas sector consider natural gas a key to not only help improve environmental conditions but also strengthen local economies by decreasing their dependence on imported oil and fueling job growth.

As in the case of Pennsylvania, natural gas is lifting the state’s rural areas from poverty. This article from Topix attests that companies, like Marcellus Shale, have provided significant economic contribution to the natural gas sector sustaining Pennsylvania’s economy even in difficult times. They have also helped revitalize rural fortunes and have put things in perspective.

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Over the years, the use of natural gas extracted from shale rock formations has been gaining recognition in the United States and in several other countries as well. Oil experts are looking into more possibilities of how they can put this sustainable energy source into good use. Many oil and gas companies, like Chevron, recognize that natural gas has become a popular source of alternative energy for many industries. The reason being is that it generates multiple benefits, including safety, affordability, and easy distribution. That is why Chevron has partnered with Marcellus Shale in developing more natural gas to benefit other local economies.

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Drs. Ali Ghalambor and Boyun Guo’s book The Natural Gas Engineering Handbook is a great resource that discusses more about this matter. This Facebook page, meanwhile, contains more updates and other related topics on the natural gas and petroleum industry.