The chemical industry is one of the primary benefactors of the shale gas boom, said Bayer North America President and CEO Greg Babe, and shale gas could help U.S. manufacturers gain an edge. "Predictability in energy prices has always been one of the things we've clamored for. Predictability allows us to plan appropriately, allows us to make decisions about where to site a plant -- either in the U.S. or outside of the U.S.," he said.

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