18 July 2007 19:39 [Source: ICIS news]
By Joe Kamalick
Bodman made the comment in a press conference following a meeting with the National Petroleum Council, a private sector advisory panel chartered by the department. The council meeting approved the results of a nine-month study of
US chemical manufacturers are dependent on natural gas as a feedstock and energy source, and increasing domestic demand for gas has helped push prices up over the last five years.
Bodman’s comment on constrained
US chemical industry representatives argue that railroads’ failure to deliver sufficient quantities of coal to electric utilities over the last two years has forced power companies to put further demand on natural gas as a turbine fuel.
Earlier, the US Government Accountability Office (GAO), a federal watchdog agency, found that the ability of American railroads to meet anticipated freight demand from increased ethanol production is uncertain.
The GAO study faulted the Department of Energy for not developing a comprehensive approach to expanding
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