Still dark clouds on stainless
January 27, 2009
Spain's Acerinox threatens job cuts on weak demand | uk.reuters.com
Considering the negative economic situation worldwide it's difficult to see how, in the next two weeks, things could really change.
The Obama plan and its impact on the construction and energy industries.
January 26, 2009
The Obama Gap | www.nytimes.com
The current Administration’s plan may not be sufficient to fill the gap of at least $2 trillion between the US economy’s potential output over the next two years and what US will be able to sell. I would have preferred that the tax cuts were 19.25% and the infrastructure investment 33% of the total package. Which are the industries and the companies likely to benefit from the stimulus?
Green and Mean - Obama turns Climate dogs loose on Automakers
January 26, 2009
Obama to let states set auto emission rules | www.cnn.com
The Clean Air Act of 1970 and its 1990 amendments have always given California authority to set tighter tailpipe emission standards than the rest of the country, but not to mandate better fuel economy. Now, under the guise of CO2 emissions, Obama's administration is set to allow just that.
Dow scrambling to pull of ROH deal
January 23, 2009
Dow-Rohm & Haas deal nears FTC approval | uk.reuters.com
The aborted Kuwaiti JV leaves Dow over $7 Billion short in cash needed to finance ROH takeover. CEO Liveris must now quickly find a partner or buyer for the basics businesses.
Cummins De-Integrating to Focus on Value Core
January 23, 2009
Cummins Emissions to Partner with Emcon, Close Wisconsin Plant | www.truckinginfo.com
Cummins' announcement to close their WI emissions plant is reflects an ill-advised entry into non-core supply chain segments.
Rohm and Haas weathering the storm
January 21, 2009
UPDATE 1-Rohm and Haas plans to cut 900 jobs | www.reuters.com
While ROH waits for Dow to close the deal they must conduct business as usual and maintain ongoing operations as a separate entity.
Food or Fuel - Are Biodiesel Incentives Sustainable?
January 21, 2009
IRS Proposes Biodiesel Tax Incentive | www.irs.gov
Increased demand for biofuel feedstocks will keep prices higher for food crops and may price these fuels out of the market.
The 'D-Word' - Will Dioxin Scare Disrupt Trucking's 2010 SCR Plans?
January 16, 2009
Cummins has full confidence in its SCR | fleetowner.com
Many engine OEMs plan to use SCR catalysts for EPA 2010 NOx compliance. Copper bearing SCR formulations are popular but Copper is known to promote Dioxin formation under certain conditions. The industry and EPA must come to agreement on approval of these SCR formulations.
Control Freaks - Can Dow let go?
January 9, 2009
Kuwait to Counter any Dow Legal Action | www.reuters.com
Dow Chemical's aborted JV with Kuwait would have raised over $7 Billion for a 50% stake of existing basics portfolio. Now that Dow scrambles to fill that hole it may have to cede control of any JV or sell the businesses outright.
January 6, 2009
Dow to pursue legal options against Kuwait | money.cnn.com
Dow Chemical must bridge a $7 Billion gap to pay for Rohm & Haas now that the Kuwaitis have bailed out of the proposed JV. With business valuations sharply lower today Dow may have to assume significant additional debt in order to close the R&H acquisition.
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
It's too early in the game to write off Shtokman
December 8, 2011