It continues to curtailproduction in a bid to move lower on the cost curve, completing partial efforts in Spain and getting underway in Italy, as well as permanently closing a smelter in Tennessee and two lines in Texas.
Chesapeake Energy tacked on 6.3% after the natural-gas producer said it plans to further reduce dry-gas drilling activity by 50% and to curtail its gross gas production by about 8% in response to a drop in natural-gas prices.
It cannot afford to continue to eliminate or curtail operation of the associated production complex without risking severe long-term harm to the U.S. deterrent posture.
This was a condition for which NASA bore principal responsibility insofar as it was determined to dominate the launch industry with the shuttle program and, consequently, sought to curtail all commercial ventures by controlling U.S. production of expendable boosters.