Congressional Panel Examines Shale and Impact on U.S. Economy, Chemicals

A panel discussion held yesterday by the House Energy & Commerce committee focused on economic opportunities related to the development of shale gas in the U.S., and executives and lawmakers detailed the need for regulatory certainty to encourage investment and ensure the potential is fully realized. ACC president and CEO Cal Dooley says the potential for chemical industry investment, and related jobs, is already apparent. “In 2005, the U.S. was the highest-cost chemical producer and that is what contributed to the loss of almost 20% of industry...

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