Chemical industry calls for immediate steps to avert natural gas crisis.

Chemical Market Reporter, March, 2003 by Hess, Glenn

AS PRICES FOR energy products continue to soar, the chemical industry, the nation's largest industrial consumer of natural gas, is calling on the Bush administration and Congress to take "immediate steps to avert a looming natural gas crisis. In letters to the White House and Capitol Hill lawmakers, the American Chemistry Council (ACC) noted that spot prices for natural gas have hit record highs in recent weeks, and supplies in storage are at an all-time low.

The industry group warns that the effects of the continuing shock will be felt throughout the economy, and could result in the loss of thousands of jobs unless immediate action is taken. Every major recession in modern American history has been preceded by a dramatic increase in fuel...

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