I was chatting to my good friend and contact Paul Hodges of International eChem yesterday.He believes we’ve entered globalisation part II, where the impact of higher raw material prices will trigger harmful inflation. As Ben Bernanke has pointed out, oil prices are 40% higher than would otherwise have been the case without the recent boom […]
Asian Chemical Connections
Iran could stop exporting oil by 2015
Quota cheating, lack of investment in oil infrastructure and incredibly low domestic gasoline and other oil-product prices mean that Iran could be forced to exit oil export markets by as early as 2015, according to Roger Stern of John Hopkins University. The government would be under threat if local prices were jacked up. Cutting back […]
ExxonMobil turns a light shade of green
Rex Tillerson, chief executive of ExxonMobil, displayed a careful balance between supporting the oil industry and expressing concern over climate change in a recent speech.Does this indicate a shift in direction at Exxon post Lee Raymond, or merely a more cuddly and warm way of presenting unchanged policy? The reason why we are still dependent […]
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