INCREASE IN OIL PRICE AFFECTING CHEMICAL
COMPANIES
(15 June 2008)
There
are signs that the booming global economy is cooling down, initially due
to the financial crisis triggered in the USA by the sub prime mortgage
problem. Other factors like the extremely high oil cost and regional
factors like the end of the boom for the Olympic Games in China and the
recent Richter scale 9 earthquake add to the current economic woes.
Usually in a slower
pacing economy, prices tend to go down, too. This is the normal behavior
of an economy, but apparently we are moving in a new economic... READ MORE