Monday, October 3, 2011

Energy and Manufacturing Linked

A piece in Forbes followed Joel Kotkin's last week and struck a familiar chord.  The oil and gas boom appearing to about to hit Ohio bodes well for Ohio manufacturing.  See Buckeye Oil Billions Will Unleash an Ohio Manufacturing Tech Boom.

The premise is in the conclusion.  It reads:  " . . .technology unleashes resources, resource wealth creates capital, the capital is re-invested in new technology, that in turn unleashes resources. And on it goes. Or it can if we unleash it.  Ohio is leading the way."

The author predicts the gush of new capital into Ohio will find its way into Ohio-based investments and, since Ohio is a manufacturing state, those investments will lead to manufacturing technology booms.

Here's hoping he's right.  I think he is.

No comments:

Post a Comment