Very encouraging news.
This is the reason manufacturing may begin to come back to the US, as natural gas is the primary feedstock for industry.
Representing a tremendous boost to the economy, it’s a shame the US energy boom only serves to counter the downward pressures created by Obama’s policies.
The US private sector is like a weed, even Obama can’t kill it. Must be frustrating for him.
If you are talking about plastics, it is really the natural gas liquids, ethanes, propanes and the like that are the feedstock, not the methane of natural gas. This article was talking about the falling methane price of pipeline quality natural gas.
I posted a more complex discussion about the changes in NGL pricing, particularly ethane in the thread linked below.
The ethane asylum: Big time ethane rejection in the shale gas world {NGL falling price}
http://www.ogfj.com/articles/2013/01/the-ethane-asylum-big-time-ethane-rejection-in-the-shale-gas-world.html
The supply of ethane has grown faster than the domestic demand. There are several planned plants that are going to take advantage of this increase in supply and will stabilize prices better, but the are mostly not online yet.