Natural gas : "a national emergency"

Shortages may develop for plastic milk and detergent bottles, automobile tires, disposable diaper liners and bread bags because of high natural gas prices and hurricane-hit chemical plants, Andrew Liveris, the head of Dow Chemical Co. said at a hearing on hurricane damage to energy production, processing and transportation.

Most chemical plants in the US Gulf Coast are closed or operating at reduced rates since Hurricane Rita. The US government should help repair damaged natural gas processing plants and declare a "national emergency" to make consumers aware of supply problems triggered by the storms, Liveris said.

Natural gas, a crucial raw material for chemical plants, soared to a record high of $14.75 per million British thermal units in futures trading on Wednesday.

(2005-10-10 14:51:31 SGT) [Energy] Permalink

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