High Price of NatGas Impacts U.S. Chemical Companies
Price inflation is a vicious thing. Once it gets going, it's hard to stop. Much of the current situation of high prices (for everything) can be laid at the feet of our politicians in D.C. who dumped enormous amounts of money into the economy by simply printing it ($1.5 trillion infrastructure bill, several multi-trillion dollar COVID bills, etc.). Wages are up, the cost of goods and materials has gone higher, and it affects everything. Add to that the Russian war of aggression against Ukraine, the lack of coal-to-gas switching (see today's companion story)--and voila, the price of natural gas has almost tripled over the past year. The high price is about to affect a whole lot more of our economy.
To view this content, log into your member account. (Not a member? Join Today!)