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BCG reports that cheap natural gas will give the US a cost advantage in a range of industries. According to BCG, this cost advantage has already started to boost investment and employment. For example, low electricity prices are encouraging investment in energy-intensive industries like steel, and the cost advantage is amplified by the fact that US competitiveness was already improving due to low labor costs (relative to other developed countries), rapidly rising wages in China, and high productivity. For more details, read the full article.
