Manufacturing Industry
Proposed energy bill better than nothing.(Opinion)
Plastics News, August, 2005
Congress finally is ready to deliver an energy bill to President Bush, and apparently it's in the nick of time. Passing any sort of legislation that helps chemical companies will be more difficult in the next few months. First, as publicly traded companies begin to report their quarterly results, it will become tougher to argue that chemical companies need government help.
Already, it looks like most companies are reporting very healthy profit numbers for the past few months. Any delay could have meant that the legislation would have slipped until next year, when Congress will be distracted by midterm elections. That would have made it a partisan issue, and probably too hot to handle. The bill is good news for North American plastics processors. First of...
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