“The ‘shale gale’ energy boom is pumping billions of new dollars into otherwise old, worn-out economies. The results are stunning. For example, near Youngstown, the French company Vallourec has built a new plant to process oilfield tubular goods. The gigantic facility cost over $650 million to build. Now it cranks out 350,000 tons of steel oil pipe and related products per year. Even more impressive, this is no dirty, grimy old industrial shed, like those that formerly dotted the region for much of the past century. No, this Vallourec site is almost a ‘clean room’ environment, filled with high-tech jobs that pay impressive wages.”

http://dailyresourcehunter.com/old-assets-revitalized-by-the-energy-boom/

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