>> The oil and gas drilling boom has been good news for U.S. manufacturing
Good news, indeed. Still waiting with bated breath for fertilizer prices to drop though. :-)
http://www.wallstreetdaily.com/2014/10/09/nitrogen-fertilizer-yara-cf/
Oct 9, 2014
Two companies – CF Industries (CF) and Norway’s Yara International ASA (YARIY) – are working on a $27-billion deal that, if agreed to, will create the world’s largest producer of nitrogen fertilizer....
In fact, thanks to low-cost U.S. shale gas, CF’s profit margin in its nitrogen fertilizer division was a whopping 52% in 2013. In contrast, Yara’s profit margin was only 9.2% thanks to higher-cost European natural gas....