31 July 2007 22:17 [Source: ICIS news]
Jack Gerard, president of the American Chemistry Council (ACC), said new provisions introduced by Democrats in their energy bill “are clearly going in the wrong direction”.
The Democrat-sponsored energy bill would bar exploration and development of major natural gas resources in
The Roan Plateau in Colorado is one of the largest US gas reserves yet to be tapped, according to Gerard, holding as much as 9trn cubic feet (tcf) of natural gas.
US chemicals manufacturers are dependent on natural gas as a basic feedstock.
In denying access to the Roan Plateau, Gerard said the House Democrat leadership “shows a lack of understanding of the impact of these wrong-headed policies and the impact they will have on American jobs”.
Gerard said that the
“This legislation is a signal from the Democrat leadership that they are bidding farewell to the
The Consumer Alliance for Energy Security (CAES), which groups other manufacturers, agricultural and industry interests with chemicals on energy matters, also condemned the new House energy bill.
The bill “will slow and reduce well completions, delay new production and result in higher prices for consumers,” the alliance said.
The House is expected to debate the energy bill through the rest of this week, with a vote coming perhaps on Friday. If approved, the measure must be reconciled with the Senate energy bill, which does not contain the gas development limitations of the House measure.
Gerard said he hopes that “cooler heads will come to the table” during further debate in Congress and that the gas disincentives will be stripped out of the final bill.
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