SUGAR LAND, TX–(Marketwired – Jan 14, 2015) – Researched by Industrial Info Resources (Sugar Land, Texas) — The impact of lower oil prices affects many more areas of the U.S. industrial base than the Oil & Gas sector. As exploration and production companies slow drilling activity, other industries from pipe and equipment manufacturers to frac sand miners are feeling the knock-on effects of this slowdown.
In addition, lower natural gas prices continue to affect industrial activity, often in very positive ways. Although lower LNG prices are casting doubt about the return on investment available from many planned LNG production projects, lower domestic gas prices are strongly benefitting other industrial development in North America.
Lower-priced natural gas will continue to encourage development in the Chemical Processing Industry. In particular, ethylene-production projects are adding billions of dollars of project activity to the North American market, and the methanol and agricultural chemical sectors are also rushing to take advantage of low gas prices. Higher consumer spending could also drive further development in the Chemicals sector.
Additionally, thousands of megawatts of coal-fired power are scheduled to be retired throughout the U.S. and Canada, paving the way for the construction of natural gas-fired power plants, as well as the transmission infrastructure needed for gas delivery.
Industrial Info’s 2015 Industrial Market Outlook, held in Houston, Texas, on January 29, will help put some of these pieces together and provide insight into how recent development in the oil and gas markets will affect industrial project development and regional labor markets in the U.S. and Canada, with special emphasis on the Gulf Coast and Southwest market regions.
In addition to our top-line spending forecast and labor market analysis, our industry experts will discuss:
- Power Generation
- Oil & Gas Production, Pipelines and Terminals
- Petroleum Refining
- Chemical Processing
After the presentations, a special “meet and greet” session will be held. Complimentary drinks and hors d’oeuvres will be provided, providing you a valuable opportunity to network with your peers and ask questions of our industry experts.
This complimentary event will begin at 3:30 p.m. at the Hilton Americas in downtown Houston. Last year, more than 1,100 people attended this event, and space is limited, so make sure to RSVP today!
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and ten international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info’s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what’s happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com “Contact Us” page.