Petrochemicals: Shale Gas Restores U.S. Competitiveness

A surge in shale gas production is rapidly transforming the North American petrochemical industry, improving the cost position of producers and prompting major plans for new investment. “We are seeing natural gas finding its way into every crack and fissure available on the demand side,” says Alan Armstrong, CEO of energy company Williams Co. Fitterling: Strong opportunity for producers. Lashier: Tremendous resource for the industry. Armstrong: Projects are creating jobs. The U.S., in just three years, has been transformed into one of the lowest-cost...

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