AFPM ’13: Shale boom to reshape US, create ‘millions of jobs’ - CEO

26 March 2013 01:13  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--Robust US oil, gas and petrochemical industries thriving on the shale boom will create “millions of jobs” and be the architect of a “massive relocation” of the US population, the CEO of US-based petrochemical manufacturer Huntsman said on Monday.

“We’re going to see a material game-changing event that we’ve not seen in decades,” said Peter Huntsman, who was speaking on the sidelines of the International Petrochemical Conference.

Regions such as the Gulf Coast, the US west and Midwest that have shale or that process oil and gas will see a great deal of investment and job creation, he said. But a location such as the US southeast will miss out, he added.

The shale revolution is occurring on its own without a national energy policy to guide the country into the future, Peter Huntsman said. That needs to change so that the oil, gas and petrochemical companies and the federal government can row in the same economic direction, he said.

“It stymies me that we’re not having a discussion on this nationally,” he said.

Hosted by the American Fuel & Petrochemical Manufacturers, the IPC continues through Tuesday.

By: Jeremy Pafford
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