It is Friday and I am grateful to be working - how else can I look forward to happy hour?!?
Without question, the shale oil and gas revolution is behind the dramatic fall in our gasoline and electricity prices, which has dominoed positivity to other industries, i.e. manufacturing. The U.S. Depart of Labor website shows a steady increase in manufacturing jobs from Nov. 2014 to present.
Contrary to what you might hear on the news, this turnaround has very little to do with politics – government programs and subsidies, but rather lower power costs. The U.S. now has the lowest electricity prices of any of our major industrial competitors, with the exception of South Korea.
This means we rely less on coal; natural gas is cheaper AND cleaner - the U.S. has reduced its carbon emissions more than any other nation over an eight-year period ending in 2013.
In our last blog, we discussed how Google headquarters would soon be moving to wind power. Perhaps they should have talked to the Germans, who recently announced that the high cost of renewable energy in-country was driving many of their native businesses to the U.S.
What does this mean at Molecule? A) We make an awesome product that directly propels the natural gas revolution, B) You can always trade renewable credits (which we also support), C) We’re not German and we’re okay with that - even though we admire their beer drinking!