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BUSINESS: Dow CEO: US Should Declare National Emergency on NatGas Supplies

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posted on Oct, 10 2005 @ 04:09 AM
Andrew Liveris, chief executive officer of Dow Chemical, told the Senate Committee it must take actions to address the U.S. natural gas crisis. He suggests Congress declare a national energy emergency "right now" and urge every American to save energy.
Shortages may develop for plastic milk and detergent bottles, automobile tires, disposable diaper liners and bread bags because of high natural gas prices and hurricane-hit chemical plants, the head of Dow Chemical Co. said on Thursday.

The US government should help repair damaged natural gas processing plants and declare a "national emergency" to make consumers aware of supply problems triggered by the storms, Liveris said.

Please visit the link provided for the complete story.

The Fed has been doing it's best to prolong the fossil fuel crisis from effecting the economy, but that fiat money game is about over when the big companies start screaming.

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posted on Oct, 10 2005 @ 08:22 AM
It's easier to jack up the prices to godly amounts first. And besides, if they raise the prices.. we're all still going to pay, arent we?

Just like gas prices, they raise them, we moan, but we continue to pay.

posted on Oct, 10 2005 @ 01:01 PM
The free market is the best way to handle such situations to a point. I don't know how bad the situation is, but when the price goes up, people do continue to pay, but what they are more reluctant to do is waste. I have to drive my car, but unless a trip is necessary, I just stay home. When demand drops, the prices will do likewise.

posted on Oct, 10 2005 @ 01:32 PM
In case it needs to be said...
anyone who depends on Natural Gas for cooking/heat/hot water...
you might want to invest in a few items to get you through the winter...

Electric heater(s)... base board type work well, as well as the radiator type (safer than heat grid type)
Electric Hotplate

demand will be high, and prices for these items will go up. time to look forward and plan.

posted on Oct, 10 2005 @ 01:37 PM
HA!! Im on a lease that INCLUDES free heat!!! hahahahahahaha!!!!! all gas baby...

Im looking forward to leaving the thermostat on 80 and crackin a window when i get a little to warm. They've been crankin me to the tune of 800 a month for 2 years now....payback time.....

posted on Oct, 10 2005 @ 06:36 PM

lol!!! I hope you're looking forward to paying higher rent rates also!!! glad I am to move south when I did!!! the lady who lived in this apartment before us went all winter without turning on her gas. she just let the heat rise from the lower apartment and used a couple electric heaters......I hope we can do the same.

feel sorry for all my friends in upstate ny, I hope you all an unusually warm winter!

posted on Oct, 11 2005 @ 12:43 AM
ha!! negative....the lease is good till june, at which time, we moving out. not to worried.

posted on Oct, 11 2005 @ 08:14 AM
Hmmm...... I'm now would be a good time to go down to Ace Hardware and find myself a nice electric heater for my room. It's cold enough down there even with the heat turned on, I get the feeling if I don't have heat when winter comes around, things will start to freeze. I can't have my computer exposed to freezing temperatures, otherwise I'll never get back on ATS.

That or I can get an industrial grade heater to heat the whole downstairs

Oh well. I figure when CEO's are starting to whine about the gas crisis, something is definatly wrong. This is probably forshadowing a pretty nasty crisis this winter.

posted on Oct, 11 2005 @ 09:53 AM
It could also be a method of artificially jacking the price of Nat Gas also...

afterall... how often do you trust something DOW says?

Shortages spurned by downturn of production caused by layoffs= Big profits for working less.

everyone becomes a winner except the people laid off, and the people paying for the gas.. but how often do you think concerns for those two groups are voiced at closed door meetings?

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