Word: louisiana
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...regional brownouts. In June natural gas sold for an average of $5.83 per 1 million BTUs, up 169% from the same week in 1998. Higher prices already are taking their toll on energy-dependent industries, like those that produce ammonia, the key ingredient in fertilizer. In June 1998 the Louisiana Ammonia Producers trade association had nine corporate members with 3,500 employees. Today it has one, CF Industries. "We've lost 2,000 employees," says Jim Harris, a spokesman for the producers, who accounted for 40% of America's ammonia output. "It's been devastating. The high natural-gas costs...
...same time that Louisiana factories are laying off workers because of gas prices, the U.S. is shipping gas to Mexico to generate electricity there. While the volume is still comparatively small, exports nonetheless have swelled 674% over the past seven years, to 263 billion cu. ft. last year. El Paso Energy, for one, pipes gas directly to the new Samalayuca II power plant, about 25 miles south of Ciudad Juarez. It serves 1 million people and some 300 factories south of the border...
...electricity, they also encouraged the establishment of the LNG industry with taxpayer-guaranteed loans and grants. Special tankers, the most expensive ships in the world at the time, were built along with four terminals and re-gasification facilities at Cove Point, Md., near Baltimore, as well as in Georgia, Louisiana and Massachusetts. The first LNG shipments arrived in 1978. In April 1980, Morris Udall, the Democratic Representative from Arizona, told the House that a Congressional Office of Technology Assessment report concluded that LNG imports, "if encouraged, could double by 1990 and meet as much...
...been floated for months is Congressman Billy Tauzin, Republican chairman of the House Energy and Commerce Committee. Tauzin has strong backing from Disney, but that has proved to be a liability among some of the other major studios. His chief rival is John Breaux, the Democratic Senator from Louisiana, who is popular with the Bush White House. Other rumored candidates, among them former Senator Fred Thompson of Tennessee, appear to have fallen back...
...about their interest in the job. "No one has told me Jack is leaving, and I won't believe he's going until he does," Breaux told TIME. But the three-term centrist Democratic Senator may not run for re-election in 2004, especially if a Democrat wins the Louisiana Governor's race this fall, thus ensuring that a Democrat would fill out his term. Said a spokesman for Tauzin, who insists he is running in '04: "No job has been offered, and we all know Jack's going to be running Hollywood from heaven." At 81, however, Valenti wants...