The theory that a U.S. manufacturing renaissance is being fueled by cheap shale energy has broad support, reports National Public Radio.
"The millions of Americans who lost factory jobs over the past decade may find this hard to believe, but U.S. manufacturing is coming back to life.
"The chest compressions are applied by the pumping of cheap, domestic natural gas.
"'We are entering a new era,' says economist Jerry Jasinowski, a former president of the National Association of Manufacturers, a trade group. He and other optimists are cheered by the increase in industrial production, which has grown at a 5 percent annualized rate since the Great Recession ended. That's more than twice as fast as the economy as a whole.
"Some economists are skeptical about just how big, or long-lasting, the impact of cheap gas will be."
Read NPR's full story here.