In 2012-13 the chemical industry made around
$100 billion in investments in American plant, property and equipment based on cheap shale natural gas supply and pricing to, you know, move up the value chain and keep the value-added in the U.S rather than shipping raw resources like some developing nation..
I'm not saying that $1.90 was anywhere near sustainable but, not to put too jingoistic a point on it, USA, USA, USA.
$4.586 last, up 0.017.
From The Hill:
NATURAL GAS EXPORTS: The House in a 266-150 vote passed legislation to speed up liquefied natural gas exports.
Following
Russia's annexation of Crimea, calls for allowing natural gas exports
to non-Free Trade Agreement countries have grown in Congress.
Rep. Cory Gardner's (R-Colo.) bill would expedite the process of gas
exports by putting the Department of Energy (DOE) on the clock. The
department would have to decide on applications within 30 days after the
final environmental review of a gas export facility is finished.
Passage
of the bill could help Gardner in challenging Sen. Mark Udall (D-Colo.)
for his Senate seat this year. Udall introduced similar legislation in
the Senate earlier this year. His bill requires DOE to approve an
application in 45 days.
After the House passed the gas export legislation, Gardner called on the Senate to do the same....
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Here's the last five yeas action via FinViz:
