It’s always good to be proved right.
It has been brought to my attention that one of the speakers at our European Aromatics Conference in Cologne in November 2008 made some fairly accurate predictions in his presentation:
1) a prediction of 40 – 53 $/bbl range for WTI Crude
2) the banking situation could only get worse as long as the same bankers are in charge and that the politicians trying to lead a rescue have no idea of what they are messing with
3) that we have been here before and it is not the end of the world for petrochemicals