Tuesday, January 17, 2012

Cheaper Natural Gas Helps US Manufacturers Compete Globally.

The AP reported, "The price of natural gas is plummeting at a pace that has caught even the experts off guard." A 35 percent fall "in the futures price over the past year has been a boon to homeowners who use natural gas for heat and appliances and to manufacturers who power their factories and make chemicals and materials with it." The AP reported, "For companies that make plastics, fertilizer and other chemicals derived from natural gas, the falling prices are nothing short of a windfall. The same goes for makers of products from steel to bricks to beer."