This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Huntsman Joins Coalition To Grow American Manufacturing And Jobs

Stocks in this article: HUN

THE WOODLANDS, Texas, Jan. 22, 2013 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that it has joined a coalition of U.S. manufacturers and others opposed to proposals from LNG exporters to permit the unlimited export of American natural gas.  The coalition, America's Energy Advantage, seeks to promote rational energy policies designed to use America's newly developed shale-based low cost natural gas to provide the economic basis to spur significant new investment in American manufacturing and its related industries and services.

Since 2000, American manufacturers, farmers and consumers have been hit with four massive price shocks in the cost of natural gas, each resulting in an economic impact contributing to the loss of countless American jobs.  With the advent of America's development of shale-based natural gas, this volatility has tempered dramatically, and the U.S. now enjoys a domestic natural gas market that exhibits the availability and stability that make investment in new manufacturing possible, leading to the creation ─ rather than loss ─ of skilled, well paid jobs.  Huntsman is among those many companies planning to now expand its operations in the U.S. in light of its stable, lower cost natural gas market, having recently committed over $150 million in capital to new projects here and evaluating additional projects in the U.S. worth approximately $250 million more.

Peter Huntsman, President and CEO of Huntsman, stated, "We think it very short-sighted and bad public policy to allow our nation's natural gas advantage to be stripped and sent overseas to build a new manufacturing base that would otherwise be built here in the U.S."

He continued, "Completely unfettered U.S. exports may enrich a few LNG exporters in the short term, but real, sustained and broad-based growth in the U.S. economy will come from a balanced approach that considers the needs of American manufacturers and consumers, and ensures that natural gas can be exported without undermining this emerging sunrise for American manufacturing and all the supporting industries and services.  Our nation must not squander this opportunity."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,712.36 +251.04 1.52%
S&P 500 1,953.89 +26.78 1.39%
NASDAQ 4,455.7190 +72.8720 1.66%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs