BHP benefits from US cold snap
The temperature has been well below zero in Michigan, where Jac Nasser lives, yet the cold snap sweeping North America would have had the BHP Billiton chairman feeling warm inside this past week.
The Arctic burst that has halted the American aviation industry has done wonders for US gas prices, which have become increasingly important for BHP since it spent $US20 billion on US shale acreage in 2011.
Read more at: http://www.smh.com.au/business/bhp-benefits-from-us-cold-snap-20140108-30hgq.html#ixzz2pqHPFnSx
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