U.S. Gulf Coast ethane exports were up sharply in September thanks to the startup of a pair of new export terminals in Texas. The surge in export volumes contributed to an 8% increase in ethane prices between July and September and likewise resulted in a similar jump in the ratio between ethane and natural gas during that time. In today’s RBN blog, we look at how the recent additions to export capacity have impacted prices and review the basics of ethane economics.
The RBN NGL Analytic Suite delivers timely updates and outlooks on the domestic propane market, as well as U.S. LPG and ethane exports. The suite includes the bi-monthly NGL Voyager report and the weekly and monthly U.S. Propane Billboard.
Gulf Coast ethane exports averaged 408 Mb/d over the first four months of the year before entering a period of uncertainty, which included sharply higher tariffs and the short-lived requirement for ethane exporters to get special licenses to ship to China. Exports dipped to 330 Mb/d in June (dashed red oval in Figure 1 below) but have since rebounded sharply, climbing to 570 Mb/d in September, up 42% from the January-April period and up 73% from the low point in June.
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About the song
“Woo Hah! Got You All in Check” was written by Busta Rhymes and Reshad Smith and appears as the fifth song on Busta Rhymes’ debut studio album, The Coming. The song was recorded at The Music Palace in New York City in 1995. Released as the first single from the album in January 1996. It went to #1 on the Billboard Hot Rap and #8 on the Billboard Hot 100 Singles charts. It has been certified Platinum by the Recording Industry Association of America. The song also features Rhymes’ cousin Rampage, who also appears in the video for “Woo Hah!” Rhymes was inspired by toasters in Jamaican music for the cadences used in his rap in the song. Personnel on the record were: Busta Rhymes (lead vocals, programming, sampling, production, mixing), Rampage (guest vocals), and Rick St. Hilaire and Vinnie Nicoleti (programming, sampling, production, mixing).
The Coming was recorded between 1994-95 at Soundtrack Studios, The Music Palace and Nipskab Lab in New York City. It was produced by Busta Rhymes, DJ Scratch, Easy Mo Bee, Rashad Smith, Rick St. Hilaire, The Unman and The Vibe Chemist Backspin. Released in March 1996, it went to #1 on the Billboard Top R&B/Hip-Hop and #6 on the Billboard 200 Albums charts. It has been certified Platinum by the RIAA. Three singles were released from the LP.
Busta Rhymes (Trevor Smith Jr.) is an American rapper, record producer and actor. He started his professional career as a member of the rap group Leaders of the New School, which attracted national attention, opening tour dates for Public Enemy. He has released 11 studio albums, three compilation albums, an EP and 93 singles. Outside of his own records, he has produced 20 albums for other artists and projects. He has sold more than 20 million records worldwide. He has been featured in 15 motion pictures and 30 television shows. Rhymes still records and acts. His latest EP is Dragon Season ... The Awakening, released in January.
"About the Song" -- written by Mickey McMahan , RBN Director of Musicology
