- record natural gas production coming out of the Bakken oil play; so much that it is displacing Canadian natural gas
- LyondellBasell to build world's largest petrochemical plant of its kind near Houston
- MPLX is wrapping up a three-part $500 million plan to facilitate the transport of natural gas from the Marcellus and Utica plays
- US natural gas production is projected to increase to a record 53 billion cubic feet per day in August; projected gas output is expected to increase in all of the big shale basins in the US (New York state and France both ban fracking)
- despite all this natural gas production, there may not be enough for all the projects coming on line
- in less than five years, the US could produce 40% of the world's total natural gas
Personal Financial Note
For whatever reason, I've been following the earnings reports from the financial institutions this quarter. I think my interest (no pun intended) may have been piqued when AMEX ended its relationship with Costco. What were they thinking? I no longer have an AMEX card but I still shop at Costco.
I was thinking about that after another credit card company sent me a "replacement card." I did not order a "replacement card" and did not need one. But the financial institution used the opportunity to introduce new features, new loyalty rewards, and, a new chip card.
The card is pretty slick; it still doesn't have the heft of another common card but it is eye-catching. Most noticeable is the removal of the raised account number on the front of the card.
But this is what really caught my attention: no interest charges for one full year; and, if you can believe this, "cashback match" which matches dollar-for-dollar every cashback dollar I earn. Apparently at the end of the year, if I have $50 in my cashback account, the financial institute will double it.
I now have to post "stick-it" notes to my credit cards to remind me which credit card offers cashback dollars for which purchases.