Shale gas is said to be turning the US back in to an industrial powerhouse Source: AP
IT'S the elixir of economic life, providing business longevity and renewal and -- apparently -- about to turn the US back into an industrial powerhouse.
That's the seeming energy miracle that is shale gas. It almost calls for a shout of "hallelujah", if you believe all that is being said.
Unless you live near a project and worry about your health, or you live in Australia, where the shale gas story has hardly begun.
Other than that, it's the smell of roses all around. The old steelmaking town of Youngstown, Ohio, has lost half its population over the past 50 years. Now, though, Youngstown Steel & Tube is building a $US650 million ($632m) plant there, all made possible by cheap shale gas from Pennsylvania and West Virginia.
The Australian
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