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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (162276)	1/11/2012 11:00:21 AM
From: Dennis Roth	3 Recommendations Read Replies (1) of 206209

Gas Boom Has Youngstown Making Steel Again By Mark Niquette and Romy Varghese Jan 10, 2012 12:00 AM ET bloomberg.com Thirty-four years after Black Monday, the day Youngstown Sheet & Tube announced shutdowns marking the end of the Ohio city’s steel era, a $650 million mill is coming to life thanks to the natural-gas drilling boom. The factory for Vallourec SA (VK)’s V&M Star will have 350 workers and produce seamless pipes used in hydraulic fracturing, also known as fracking. It’s part of a development that an oil and gas industry study calculates will mean more than 200,000 jobs and $22 billion in economic output in Ohio by 2015 -- and which has neighboring states looking to get in on the action. [snip]

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