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Chemicals and the Economy

Oil prices hit record annual level in 2011

High oil prices are a bad thing for the global economy, and for the chemical industry, 2011 was therefore a very bad year indeed. Brent oil prices, the global benchmark, averaged $111/bbl in 2011. This is higher even than in 1979 and 1980, after adjusting for inflation. The chart shows the history since 1970, based […]

New Year brings major new opportunities

Human beings are by nature optimistic. Otherwise our ancestors wouldn’t have bothered to climb out of the swamps, all those years ago, in the hope there was ‘something better’ to be found. Equally, we don’t usually give up at the first sign that something has gone wrong. We assume that a way will be found […]

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