Continental Resources, Inc. (CLR), Devon Energy Corp (DVN), Range Resources Corp. (RRC): America’s Energy Boom Saved You $1,200

Those industrial consumers really hold the keys to the next great wave of the energy boom. Going back to the IHS report, it projects that a flood of energy-related investments totaling $346 billion will provide a big boost to the energy-related manufacturing industry by 2025. The industry has already seen a flood of capital, especially among heavy natural gas consumers such as petrochemical companies. The Dow Chemical Company (NYSE:DOW), for example, is spending more than $4 billion to access cheap natural gas and convert it into the building blocks of plastic. Meanwhile, steel producer Nucor Corporation (NYSE:NUE) has invested in a steel plant in Louisiana to use natural gas and combine it with scrap to make steel.

As the projects from Nucor Corporation (NYSE:NUE), The Dow Chemical Company (NYSE:DOW), and others come online over the next few years, it will do two things. First, it will lower the cost of products here in the U.S., and second, all of these projects will add manufacturing jobs. When combined, that’s a recipe for economic growth. The bottom line here: The $1,200 that hit consumers’ pockets last year thanks to the energy boom is just a taste of what’s yet to come.

The article America’s Energy Boom Saved You $1,200 originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Nucor and Range Resources and owns shares of Devon Energy. 

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