To put some context to supply/shortage/US NGL potential ... feedstock supply is dwindling on the global stage.
Right now, in the US, oversupply of ethane is resulting in about 600,000 barrels a day rejected back into the pipelines.
That is, due to the current infrastructure shortage, ethane that could supply 6 large crackers is simply being burned along with methane.
The US has a HUGE advantage on the world stage with rock bottom, ample supply of feedstocks along with cheap electricity to run the operations.See Houston Chronicle link at this post.
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Tesla Temporarily Shutting Down Model 3 Production. Again.
Second Time In Three Months
I'm only posting this because I find it absolutely fascinating.
The story is everywhere, but here is one link.
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