Shale Advantage Swells

The surge in U.S. shale gas production has restored an enviable cost position for U.S. petrochemical makers. The previous decade was marked by gloom for U.S. petrochemical makers as they marched toward the top of global production cost curves and exports steadily disappeared starting with the 2000 spike in U.S. natural gas prices. The boom in shale production has reversed the trend again by lowering gas costs. In less than four years, the U.S. has moved from the top to the bottom of petrochemical production cost curves. Billions of dollars in investment are...

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