U.S. enters new age of low-cost energy, petrochemicals

07/23/2014 | PlasticsNews.com

The U.S. has been on an "energy roller coaster" for four decades but is now entering "another golden age of low energy prices," thanks to horizontal drilling and hydraulic fracturing, writes Bill Bregar. The plastics industry is optimistic that this new era will bring stable prices for petrochemicals and resins through the next decade, Bregar writes. Meanwhile, shale gas could lead to the creation of more than 500,000 jobs, as almost 100 plastics and chemicals expansions have been announced, the American Chemistry Council says.

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