LNG Exports: Obama Sides with the Oil & Gas Industry

It was announced Friday afternoon, when no one was supposed to pay attention: after years of controversy, heated rhetoric, intense lobbying, and stiff opposition from some unlikely bedfellows, with multinational industrial and chemical companies weighing down one side of the bed, and environmentalists tossing and turning on the other, the Obama Administration decided in favor of the US oil and gas industry. With geopolitical ramifications.

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Low US Gas Prices Prompt $72 Billion Investment in Chemical Projects

A new study released by the American Chemistry Council (ACC) has said that due to the large number of chemical and plastics projects that have been announced in order to take advantage of the incredibly low natural gas prices, the US chemical industry is set to see the creation of as many as 46,000 permanent jobs.

Read more: http://tinyurl.com/qgaxoos