Thursday Energy Links
1. Chesapeake Energy Corp. CEO Aubrey McClendon in a speech Tuesday in Oklahoma City,"In my opinion, natural gas is no bridge. It is absolutely the foundation of our economy for decades."
2. "The nation's drilling boom has lowered the price of natural gas dramatically. It costs less than half what it did just a year ago. That's cut heating bills and brought some unexpected savings to a lot of families. It's also good news for plenty of businesses, as NPR's Chris Arnold reports from Boston. A recent study by IHS found that the average household disposable income in the near term was nearly $1,000 higher because of these lower prices of natural gas."
5. Dow Chemical Co. will build a multibillion-dollar plant to convert natural gas into the building blocks of plastic in Freeport, Texas, becoming the latest chemical maker to capitalize on the abundant gas supplies that are helping spur a renaissance in U.S. manufacturing. Even as natural-gas producers cut back drilling in response to the low prices, chemical firms are increasing their manufacturing investments. Dow's new plant here will create 2,000 jobs at the peak of construction, the company says, and is scheduled to be completed in 2017.