Tag Archives | European economy

Chemicals Companies Need To Prepare For Deflation in 2014

By John Richardson

IF the US Fed’s polices are working why is AP Moller Mearsk – the shipping company which is widely seen as a proxy for global trade – cutting costs and reducing capacity?

Probably because as Henny Sender …

Continue Reading

The US Needs A Plenum

By John Richardson

CHINA’S crucial November plenum has now finished and so far there are no details on policy decisions. All we have had is a brief communiqué, which includes key phrases such as “deepening reform” and “crossing the river …

Continue Reading

European Chemicals: Rescue Efforts Continue

By John Richardson

THE battle to save the European chemicals industry from widespread plant closures  is wider than just at the Grangemouth complex in Scotland, the UK

In Holland, for example, the Dutch chemicals industry trade body – Vereniging van …

Continue Reading

Grangemouth Viewed Through A Wider Lens

By John Richardson

THROUGH the narrow lens of stand-alone cost competitiveness, the threatened refinery and petrochemicals complex in Grangemouth, Scotland the UK, (see picture) can be viewed as having a very questionable long-term future.

For example, Britain’s refineries are viewed …

Continue Reading

European Demographics Challenge US Export Assumptions

By John Richardson

US feedstock advantages appear to provide an almost overwhelming case for a big wave of cracker and downstream investments, particularly in polyethylene (PE) and polypropylene (PP).

In contrast, Europe is struggling with much-higher feedstock costs and low …

Continue Reading

Europe’s Economic “Recovery”

 

By John Richardson

EUROZONE GDP expanded 0.3% in the second quarter of this year and it will probably also have expanded in Q3. As a result, if you view the end of a recession as two consecutive quarters of …

Continue Reading

Europe’s Rubbish Solution

 

By John Richardson

SHALE gas may never be a significant energy solution for Europe because the political challenges are just too great, as this article in the Financial Times points out.For example, the FT writes that:

Fracking is banned…

Continue Reading
Greekriots.jpg

Post-War Fabric Of Europe Under Threat

The excellent article below from Paul Taylor at Reuters, which with his permission we publish in full below, describes how the European crisis is far from over, despite the hopes of financial markets following Mario Draghi’s pledge “to whatever it takes” …

Continue Reading
ChinaPE.png

China’s PE Cycle Repeats Itself

By John Richardson

THE above chart shows that China’s polyethylene (PE) demand growth has been well below that of overall GDP for most of the years between 2006 and 2012.

This supports the argument that economic growth has been too …

Continue Reading
Life%20expectancy.png

Average Babyboomer Turns 55

Today is a day for celebration, as it marks the day that the average Western BabyBoomer, born in 1958, will join the New Old 55+ generation! This is a truly remarkable moment. Even 100 years ago, as the chart above …

Continue Reading