PODCAST: US petrochemical outlook with James Ray
Will Beacham
20-Jun-2024
BARCELONA (ICIS)–ICIS consultant James Ray describes how the shale gas revolution has benefitted the US economy and chemicals plus views on demand and the green transition.
- US shale gas revolution has helped entire economy
- Low energy costs key driver of economic growth
- Post-pandemic soaring demand, crimped supply pushed margins very high
- US chemicals margins have now normalised, companies profitable
- US construction market hurt by inflation, high interest rates
- US auto industry improving but inventory still high
- Companies, consumers less willing to pay green premium in tough times
- Economics, incentives drive US business decisions
- US incentives much more effective than Europe sanctions
In this Think Tank podcast, Will Beacham interviews ICIS vice president of consulting James Ray, ICIS Insight editor Nigel Davis, and Paul Hodges, chairman of New Normal Consulting.
Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.
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