"Energy Revival" plus "manufacturing renaissance"

Lee also talked about the U.S. "energy renaissance" and "manufacturing renaissance."
He said the U.S. "energy renaissance" first of all thanks a lot in recent years, the United States discovered shale gas.frac sand Since the horizontal drilling and hydraulic fracturing technology has made a breakthrough, large-scale exploitation of shale gas in the United States to become a reality.
In 2000, total U.S. natural gas shale gas production accounts for about 1%, in 2010 about 10%, in 2011 about 34% this year, a quarter of about 37%, is expected in 2040 this proportion will reach 50 %. Rapid growth in  shale gas  production greatly reduced the price of U.S. natural gas. Gas prices in 2008 had reached $ 13 per million joules (MMBtu), and the current price is about $ 4, compared to the 2008 highs fell by nearly 68%; Meanwhile, gas prices are $ 13 in Europe Japan and South Korea is $ 17. Cheap energy, the disposable income of consumers will increase, consumers can spend more on other aspects of consumption, consumption accounts for 70% of the U.S. economy.
Mr Lee said: "The United States 'manufacturing renaissance' is a very important market for the views of America's future. Cheaper energy costs and relative changes in productivity lower unit cost of manufacturing, the United States ushered in a 'manufacturing renaissance' opportunities . "he said that since 2001 to the most recent financial crisis, the U.S. manufacturing sector lost about three million jobs; during the financial crisis has led to two million manufacturing jobs lost and early April of this year the United States there are about 1199 000 manufacturing employment,Ceramic proppant compared to 17.1 million by the end of 2000 decreased by about 30%. Over the past 30 years, compared to the United States and other developed manufacturing unit production costs in almost no growth over the same period in Germany grew by about 50%, about 70% of Canada, the United Kingdom around 110%. In fact, from 2000 to the present, unit production costs in the U.S. manufacturing sector has fallen by about 10%.
Lee said the United States "Energy Revival" and "manufacturing renaissance" occurred mainly in the Midwest. So,frac proppant to some extent, can be said for U.S. investors in this region will be the new "emerging markets."