Ryan: Energy industry still viable

Congressman Tim Ryan - Youngstown, Ohio

YOUNGSTOWN, Ohio (WYTV) — Falling crude oil prices across the country has led to the lower fuel prices and more money in consumers’ pockets.

However, cheap oil flooding the market is starting to cause a slow-down in America’s natural gas and oil production.

Congressman Tim Ryan said while the local natural gas industry is still in its early stages, there is no reason to worry it will completely dry up.

“I think still, longterm this is going to be a great investment for a lot of companies. And I think it’s going to be great for the country,” said Ryan.

Ryan also pointed out that key to the Valley’s economic future is diversity: The growth of additive manufacturing, software development and other industries also play a role in making sure the region remains competitive.

Comments are closed.