Politics is all about winning and losing -- so a question to consider today is, how will U.S. manufacturers fare in an Obama administration?
This Bloomberg.com story notes that some potential winners could be companies involved in efforts to use compressed natural gas as automotive fuel. It quotes Oklahoma oilman Aubrey McClendon saying that "A Democratic administration is more likely to pursue the use of CNG as a fuel."
Diverting natural gas to automotive fuel could have an indirect impact on plastics manufacturers, since natural gas is an important feedstock for plastic resins.
Chemical companies surely can adapt to the change in Washington. How will plastics processors handle the changes?
Comments (1)
The US has a plentiful supply of natural gas and there is enough for all applications if we are allowed to access it and that's the key question. We risk the possibility of being legislated out of our own supplies through bans on exploration and drilling.
A similar scenario exists with crude oil. If alternative energies are embraced, we will have enough of that, too. However, I have not seen promising signs. Nuclear power and clean coal do not appear to be on the "approved" list of the incoming administration.
It's a shame that we will continue to use oil to generate electricity when there are other alternatives. Wind, hydro, and solar will only take us part of the way there - a very small part at this time, unfortunately.
Posted by Mike Frey | November 7, 2008 4:54 PM
Posted on November 7, 2008 16:54