Cheap Natural Gas Could Grow U.S. GDP by 2%-3%
Access to cheap natural gas is changing the competitive landscape in the United States. Most of the talk about natural gas is focused on potential arbitrage opportunities with LNG exports, but utilities and manufacturing companies are seeing immediate benefits now from low-cost gas.
While exporting LNG into high-priced markets could yield short-term profits for the the oil and gas industry, some estimates conclude that keeping a low-cost supply of the fuel could add an additional 2%-3% to the country's GDP.
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Check out the video below for more information on industries that can see added benefits from a constant supply of cheap natural gas.
The article Cheap Natural Gas Could Grow U.S. GDP by 2%-3% originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Exelon and Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.