If you're interested in how political unrest in the Middle East might impact the pricing and availability of petrochemicals, check out Alex Tullo's post in "The Chemical Notebook" blog. In the Feb. 28 post, "The Middle East Revolts And Chemicals," Tullo writes that the countries that have seen the most serious challenges to their ruling regimes -- Egypt, Libya, Algeria, Tunisia, Yemen and Bahrain -- "don't have very large petrochemical industries, at least not in the sense that they are major producers of olefins and derivatives." The Middle Eastern countries that do have large petrochemical industries -- Saudi Arabia, Kuwait, the United Arab Emirates and Qatar -- haven't seen as much unrest. "If these countries do see serious challenges to the regimes, then there could be a disruption in chemical operations," he writes. But he adds somewhat ominously: "never underestimate the power of high oil prices to sabotage the economy. The last time oil prices climbed into the 90s was in the fourth quarter of 2007, when the recession began."
Unrest in the Middle East and the chemical industry
Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]