Over the long term, there are two fundamentals in North America's natural gas markets:
1. Supply will remain robust; and
2. Price will remain moderate and stable.
This new-found, but likely durable, situation provides many opportunities to resuscitate the petrochemical industry in North America. The challenge is also twofold: the natural gas production business must develop this asset in the most sustainable manner, and the petrochemical industry must determine how best take advantage of this ample, inexpensive fuel and feedstock.
1. Supply will remain robust; and
2. Price will remain moderate and stable.
This new-found, but likely durable, situation provides many opportunities to resuscitate the petrochemical industry in North America. The challenge is also twofold: the natural gas production business must develop this asset in the most sustainable manner, and the petrochemical industry must determine how best take advantage of this ample, inexpensive fuel and feedstock.
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