Natural gas continues to be an increasingly important force within the United States Energy sector, and Pennsylvania is a cornerstone state for natural Gas production. According to the EIA, only Texas is responsible for producing more natural gas than Pennsylvania in the United States. Mass energy producers need mass distribution networks, and the Atlantic Sunrise natural gas pipeline out of northeastern Pennsylvania will help distribute natural gas all along the eastern seaboard as far south as Alabama.
Oil prices continue to be range bound until the market bulls or bears take control. As of this morning, there were more bullish than bearish factors which is resulting in green across the board for the moment.
Nine months ago construction began for Shell’s $6 billion ethane cracker plant in Monaca (Beaver County), PA. The project development includes building bridges, relocating a state highway, improving the existing interchanges, re-positioning the rail line, and prepping foundations for the new complex.