The Houston Chronicle has an editorial authored by Andrew Liveris, president, chief executive officer and chairman of the board of the Dow Chemical Co., explaining the need for stable natural gas prices from a manufacturer’s perspective. Addressing American job losses since the 1990’s, Mr. Liveris writes: “America did not lose these jobs because it lacked capable employees, nor was it as simple as the reason most immediately believe, wages. A principal reason for the loss of jobs was the high and extremely volatile cost of energy. Manufacturing depends heavily on energy, and volatility in energy costs has been driving production and the high-paying jobs that support it away from our shores and to competing countries.” Interesting. Read it all.
