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Industrial users - Taming the flame
Industrial users of natural gas in North America are investing in physical hedges while gradually returning to the financial markets
Industrial America is taking an increasingly active role in the energy policy debate. With natural gas prices having doubled in three years, firms consider the cost of doing business in the current environment too high. The domino effect of high natural gas prices is rippling through industrial America.
Take the ammonia industry, for example. The Fertilizer Institute says 16 ammonia plants have closed in seven years and another five are idle. Natural gas makes up as much as 90% of ammonia
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