The record levels of natural gas production in 2008 coupled with the dramatic fall in natural gas prices in the second half of the year saw producers begin to reject ethane seemingly overnight, but what became of the ethane that was already produced?

The Energy Information Administration’s storage data from November 2008, the most recent data available, shows that ethane stock levels hit 2,560,000 bbl for the month. The last time a single month had this much ethane stored was Oct. 1994.

This figure stands out even more when you ...