By John Richardson YOU should never bet against the capability of oil investors to turn the world completely upside down. A great example occurred on Wednesday of last week, as Arthur Berman argues in this excellent Oilprice.com article. He points out that Brent crude surged from $62 a barrel to $65 a barrel on 10 […]
Asian Chemical Connections
Update 2: Reliance Betting On US Competitiveness
He’s not bad at making money Source of picture: www.dealbreaker.com SOME of the logic behind Reliance Industries’ bid for LyondellBasell could be a recognition that the globalisation of petrochemicals markets may have gone into partial reverse. A climate bill passed by the House of Representatives has a provision for taxing imports from countries where emissions […]
The CO2 blame game
In my previous post, I talked about the collapse of the Doha round of trade negotiations and how this didn’t auger well for a new global agreement for setting greenhouse gas-emission limits and a worldwide price on carbon. The chemicals industry needs clarity. A global price for carbon would enable companies to plan R&D investments […]
Why the Doha failure is bad
The failure, and quite possibly the death, of the Doha round of trade negotiations earlier this week could create a very confusing and erratic regulatory landscape for the chemicals industry. This excellent entry in the New Scientist environment blog by Fred Pearce, senior environment correspondent, makes the point that if the world cannot agree on […]
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