Manufacturing Industry
Spending bill abandons more gas drilling.(News)(Column)
Plastics News, November, 2005 by Toloken, Steve
Byline: Steve Toloken The plastics industry saw one of its key political goals - more natural gas drilling along the U.S. coast - appear to fall by the wayside again in Congress. A broad coalition of U.S. industries, including plastics and chemicals, had mounted an aggressive lobbying campaign in recent weeks that came undone when leaders in the House of Representatives decided Nov.
9 to strip natural gas drilling provisions from budget legislation. The move surprised plastics and chemical industry officials, who see drilling as a way to calm markets that have watched natural gas prices spike to more than $14 per million Btu, the highest in the world, and push up the cost of plastic. "I'm flabbergasted that some in Congress continue to live in a fantasy...
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