Oil, gas bill to offer relief to the industry

December 2006
Plastics News;12/18/2006, Vol. 18 Issue 42, p8
Trade Publication
The article discusses the impact of a bill for lifting of a 25-year federal moratorium on oil and gas drilling in an 8.3 million acre area of the Outer Continental Shelf in the Gulf of Mexico on the plastics industry. The industry uses natural gas for operations and as a building block for the chemicals used to make plastic resins. Not all 8.3 million acres in the specified area, Lease 181, will be opened for drilling immediately.


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