More bad news from Houston: Dow Chemical announces a 20% across the board price hike - Mercedes-Benz Forum

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post #1 of 3 (permalink) Old 06-02-2008, 08:41 AM Thread Starter
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More bad news from Houston: Dow Chemical announces a 20% across the board price hike

Their products are used in everything, from shampoo to car wax, plastics, you name it. In other words, this one moved increased the price of everything. I can hardly wait for Jayhawk to post an idiotic denial of reality for this:

Energy crisis
The price of nearly everything will be going up

June 1, 2008, 11:20PM
Houston Chronicle Editorial

Dow Chemical Co. Sunday raised the price of all its products 20 percent, reflecting the steep climb in the cost of crude oil, gasoline, natural gas and electricity. Blaming irresponsible politicians, Dow Chairman and CEO Andrew Liveris stated, "The country now faces a true energy crisis, one that is causing serious harm to America's manufacturing sector and all consumers of energy."

Consumers, already hit by $4 gasoline and rising food prices, now will see rises in the price of almost every product and many services, including essential government services such as education and police protection.

Across the nation, school districts are limiting field trips and, in some cases, canceling classes one day a week because they can't pay the doubled cost of operating school buses. In Texas, the Legislature is going to have to revisit the subject of school finance, again, because the Rube Goldberg system won't let school districts increase revenues to pay for higher fuel costs, threatening some districts with teacher layoffs, even bankruptcy.

Gasoline at $4 a gallon is burdening most consumers and changing behavior in a way that $3 gasoline did not. Before, Americans could afford to pay more for gasoline by spending less on recreation and other discretionary activities and goods. But the sharp rise in the price of basic food items and, to come, almost everything else means many families just can't buy the gas they once did.

An added hardship inflicted by high fuel prices is the rise in crime: Thieves are driving off from gas stations without paying and siphoning gasoline from other cars. Some crooks, defeated by locked gas tanks, dangerously drill holes in gas tanks, risking fire and explosion that could destroy property and take life.

It's unlikely, but perhaps now the U.S. government will adopt a sane energy policy that will provide the nation with more fuel — both hydrocarbons and alternatives — and place downward pressure on price.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #2 of 3 (permalink) Old 06-02-2008, 08:45 AM
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The first of many..............

Better PM Jay and let him down easy.............
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post #3 of 3 (permalink) Old 06-02-2008, 08:46 AM
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Jay' s too busy collecting mushrooms in the strawberry fields
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