Press release
New Study Shows Manufacturing Demand for Natural Gas Will Grow.
HASIT VIBHAKAR
Manufacturers use natural gas for fuel, such as drying, melting, machine drive and space heating, and as a feedstock in refining, chemicals and primary metals sectors. Domestic natural gas has transformed the U.S. economy, made our companies more competitive, created jobs and put money back in the pockets of working Americans.
“Over the next decade our nation’s demand for natural gas is only going to grow and much of that growth is from manufacturing,” said Hasit Vibhakar CEO & President. Hasit Vibhakar goes on to state, “This study unequivocally shows that if our growing demand is not taken seriously by policy makers we will have a serious lack of infrastructure that will jeopardize our growth. Natural gas is responsible for millions of jobs, tens of thousands in manufacturing alone. This study highlights several specific examples of how manufacturers of all sizes have benefitted from utilizing natural gas. We can’t afford to let misguided policies rob us of this valuable domestic resource.”
Key highlights from the study: Natural gas access contributed to 1.9 million jobs economy-wide in 2015.Shale gas put an extra $1,337 back in the pocket of the average American family. New natural gas transmission lines meant more than 347,000 jobs, with 60,000 in manufacturing. Total natural gas demand is poised to increase by 40 percent over the next decade. Key drivers will be manufacturing and power generation. U.S. supply is expected to increase by 48 percent over the next decade to meet new demand. Because energy innovation is lowering production costs, IHS expects energy-intensive industries such as chemicals, metals, food and refining to outperform the U.S. economy as a whole through 2025. Shale gas production has created new flow patterns that are causing existing pipelines to reverse flow and will necessitate the construction of new pipeline capacity.
About Hasit Vibhakar
Hasit Vibhakar is a proactive, performance-driven middle market executive with 20 years + progressive expertise in C-level leadership and problem solving for additive manufacturing, advanced CNC manufacturing, Additive Manufacturing, 3D Printing, supply chain, technology services, and startup operations. Proven track record of enhancing enterprise value and shareholder value. Experienced at building small cap and middle market companies.
Hasit Vibhakar is an Industrialist specializing in strategic direction and growth. A seasoned c-level business executive with many years of proven track record of building enterprise value and shareholder value. He has successfully started eight technology, industrial and manufacturing enterprises and all have been successfully acquired at premium multiples in the industry. Prior to being a serial entrepreneur he has been employed with leading aerospace, telecom, technology, industrial and supply chain based companies.
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