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