Ries
Diamond
- Joined
- Mar 15, 2004
- Location
- Edison Washington USA
Obviously, "only" is a bit of an exaggeration.
But again and again, the big industrial projects, factories, refineries, steel mills, and other major investment in the USA are NOT being made by US companies, but, instead by foreign companies.
What do they know that we dont know?
US companies close plants, and move to Mexico.
Meanwhile, the Dutch (Shell) are investing somewhere between $6 Billion and $10 Billion (they are being cagey about exact amounts) in ONE new polyethylene cracking plant in the Pittsburgh area, to take advantage of all that cheap natural gas.
And, just down river a bit, the Thais and their partners the Koreans are building another $6 billion or so plant.
And the Chinese state energy company just signed an agreement with West Virginia promising to spend up to $83 billion on energy projects in the upper Ohio.
These are all Billions, with a B.
Obviously they are getting tax breaks to do it, but so would US companies.
The government claimed the new tax law would mean gigantic investment- but its mostly been by foreign companies.
Toyota, Mazda, Volvo (which is chinese), Siemens, russian and indian steel companies, mexican cement companies, canadians, germans, japanese, chinese, koreans- they are all putting their money where their mouth is and building factories in the USA and hiring americans.
Here is an interesting little slide show from january- most all of the companies are foreign.
US Manufacturing Under Construction | IndustryWeek
here is the NYT article today about the three big plastic cracking plants on the Ohio.
Shell Sees New Role for Former Steel Region: Plastics - The New York Times
But again and again, the big industrial projects, factories, refineries, steel mills, and other major investment in the USA are NOT being made by US companies, but, instead by foreign companies.
What do they know that we dont know?
US companies close plants, and move to Mexico.
Meanwhile, the Dutch (Shell) are investing somewhere between $6 Billion and $10 Billion (they are being cagey about exact amounts) in ONE new polyethylene cracking plant in the Pittsburgh area, to take advantage of all that cheap natural gas.
And, just down river a bit, the Thais and their partners the Koreans are building another $6 billion or so plant.
And the Chinese state energy company just signed an agreement with West Virginia promising to spend up to $83 billion on energy projects in the upper Ohio.
These are all Billions, with a B.
Obviously they are getting tax breaks to do it, but so would US companies.
The government claimed the new tax law would mean gigantic investment- but its mostly been by foreign companies.
Toyota, Mazda, Volvo (which is chinese), Siemens, russian and indian steel companies, mexican cement companies, canadians, germans, japanese, chinese, koreans- they are all putting their money where their mouth is and building factories in the USA and hiring americans.
Here is an interesting little slide show from january- most all of the companies are foreign.
US Manufacturing Under Construction | IndustryWeek
here is the NYT article today about the three big plastic cracking plants on the Ohio.
Shell Sees New Role for Former Steel Region: Plastics - The New York Times