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A $600 Energy Bonus Coming Your Way?
Posted By Matt Insley On February 16, 2012 @ 1:31 pm In Energy,Gas,Oil | No Comments
Late last year I told you about a “$600 energy bonus” that some residents in the North Eastern U.S. were collecting.
The information came from the CEO of EQT Corp., David Porges. EQT is a highly integrated company — production, midstream and energy sales — and as Porges said, has seen a $600 decrease in energy costs (per household) since 2008.
That’s an extra $600 in each household’s pocket, without changing any of their daily routine. Thanks fully in part to the shale boom in natural gas.
But as you’ll see the added income could be even higher…
“This new low cost energy reality is expected to increase disposable income by $2,000 per year per household in the United States” says Gary Hunt, president of Scalable Growth Strategy Advisors.
I’m sure you can guess what an extra $2,000 in your pocket can do for you.
But today there’s reason to believe that this shale boom will create a much bigger payout… to investors.
In a report titled Shale Gas: A renaissance in US manufacturing?, Price Water House Coopers highlights the coming benefits to US companies:
Energy affordability — reducing manufacturing costs by $11.6B a year
Demand growth — developments in shale gas are driving manufacturing demand
More jobs — an extra one million workers could come online by 2025
All said, the future looks bright for certain sectors in the U.S. — and savvy investors will have a chance to make a killing over the next few years.
Here to give us a full update on how to play this trend in American manufacturing is a guy that’s been on this topic from the start, Chris Mayer. For his latest insight, please click here .
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