I read the report. I agree cheap energy builds our economy and also was a significant part of our past successes.
The only point I took exception with that you made was about the refineries. That is not part of that report, it deals with the production of Natural Gas.
I believe we mostly agree. I’ll quit beating the horse.
Here’s the info on Philly oil refinery:
http://www.reuters.com/article/2012/07/02/us-sunoco-carlyle-philadelphia-idUSBRE8610JF20120702
It’s direct result of the Marcellus. In the article it mentions another one that was saved too.
Money quote:
“The US East Coast plants certainly have better prospects than their European competitors and the growth in US domestic production of crude and natural gas is improving those prospects further,” said John Auers, a refinery expert with Turner Mason in Houston.