Monaca chosen as site for muti-billion-dollar petrochemical refinery

The so-called ethylene cracker plant would convert natural gas liquids into other, more profitable chemicals, which then go into everything from plastics to tires to antifreeze.

Shell's choice may ultimately represent an indication of just how strongly the industry feels about the vast gas reserves in nearby underground shale rock formations. Carlson told The Associated Press that any plant must be economically competitive with existing plants in Louisiana and Texas, and even with international plants.

The Marcellus Shale, which lies thousands of feet underground, has attracted a rush of major oil companies, who have drilled almost 5,000 new wells in the last five years. The Marcellus covers large parts of Pennsylvania, New York, Ohio and West Virginia, and drillers have also started to tap the adjacent, deeper Utica Shale formation.

Good News for entire Tri-State Area.

The famous line from "The Wizard of Oz" :

"Pay No Attention to That Man Behind the Curtain"......No longer applies.

The "Curtain" has been removed.

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