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Shale Gas Excavation (Economy (U.S (Shale Gas (High technology (lower the…

- - - - Initial problem: High excavation price
      - High technology
        
        lower the prices
        
        half: survived
        
        still operating
  - - - Lower the price
        
        financial trouble
        
        Gave opportunity shale company to survive
        
        no one want to decrease production
        
        lower production- losing market share
  - - - stop import, oil price down again
      - cushion for possible future oil shock
- - - - due to technology advancement
- - - - flourish of industry
    - - ACC (American Chemical Council)
        
        $105 billion per year in new chemical industry output, 738,000 permanent new jobs across the U.S. by 2023
      - Exxon
      - Dow chem
        
        2008-09 closed plant, 5000 laid off
        
        $12 billion investment plan over 10 year