Regent says increased gas supply is fueling manufacturing resurgence

Lubbock Avalanche-Journal But, Walker said, the access to inexpensive energy supplies could start bringing businesses back. “Our manufacturing base was built on cheap fuel,” he said, noting businesses started looking for new production locations when the cost of oil and natural gas began to rise.

New drilling and other energy development methods have put the United States “in the middle of a transformation nobody knows about,” said John Walker, Texas Tech system’s newest regent and head of one of the nation’s largest oil and gas companies.

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But, Walker said, the access to inexpensive energy supplies could start bringing businesses back.

“Our manufacturing base was built on cheap fuel,” he said, noting businesses started looking for new production locations when the cost of oil and natural gas began to rise.

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