Canada Has Petrochem Boom Plans

[Marina Schwarz + 1,576]

Canada's ultra-cheap natural gas drives hopes of petrochemical boom

Can you hear the protests? I can.

[Tom Kirkman + 8,860]

11 hours ago, Marina Schwarz said:

Canada's ultra-cheap natural gas drives hopes of petrochemical boom

Can you hear the protests? I can.

It looks like the Canadian crowd that wants to keep oil & gas in the ground is already winning.

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Crew Energy Inc (CR.TO) has already shut in dry gas wells this year, said Chief Executive Dale Shwed.

“If companies are not going to make money producing gas and selling it, they’re not going to drill for it,” Shwed said.

[DanilKa + 443]

At times it feels that days when Canada could build anything industrial are over...