Dow Chemical Increases Prices By Twenty Percent
Dow’s CEO, Andrew Liveris, blames the US Government’s long-standing policy of inaction towards the rising energy crisis for the company’s recent hike in prices on all products across the globe by up to 20%. Dow claims a 42 percent increase in cost of their energy and “feedstock” (the raw petroleum from crude oil) for the first quarter compared to a year ago. My concern : Dow’s extensive list of products and services is a far reaching bohemeth and this price increase will gouge into the pockets of other industries that are already hit hard by the increase in fuel prices.
Filed under: Business, Energy, Stocks and Bonds —
Trackback URI : TrackBack http://www.wealthtodayblog.com/dow-chemical-increases-prices-by-twenty-percenty/trackback
May 29th, 2008 at 12:22 pm
Look to buy into Dupont (DD) as they will now raise prices to. Hyper inflation here we come.
May 30th, 2008 at 12:43 am
This is an wonderful blog that is related to Wealth that one has to work hard in order to make wealth. I recommend that one can become wealthy overnight by working hard or by luck.
June 19th, 2008 at 5:27 am
I do concur one has to work hard in order to create wealth, but i do hasten to add that not all wealthy people work hard, some got their wealth through illegal means.
………………………………………………..
sara lee
Well, I think that if you’re in serious debt, you should get in touch with a company which provides expert debt advice on various solutions to become debt free, and which doesn’t take any money for it, like a not for profit organization.
http://www.debtadvicetrust.org/debt/debt-advice
June 25th, 2008 at 8:56 am
[...] the second month in a row, Chemical magnate Dow increased prices. This time by as much as 25 percent, compared to last month’s increase of 20 percent. [...]