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Becky · 03-17-2008, 06:26 PM

I have to follow the commodities for my job - oil hit $109 a barrel today as a high. It did settle "up" at $107.30. Who'd have thunk a year ago? So, it is a certainty that the economy begins to suffer at $100 oil. The economists said no but now its really happening. Folks don't have enough to pay for gas, oil and derviatives (20% of oil is used for petrochemicals and downstream products - everything from plastics to detergent and toothpaste). And these things are going up because oil becomes ethylene or propylene that can go into plastic or oxides. Oxides make surfactants, soaps etc etc. Ethylene and more importantly propylene go into benzene then acrylates (to make latexes etc) - See how its all connected. I have had price increases on my products every month (sometimes twice a month) to keep up.

Now the banks are going under too because folks can't pay their mortgages. Yikees!

03-17-2008, 06:26 PM	#14
Becky Senior Member Join Date: Sep 2005 Location: Stockton, NJ Posts: 4,179	I have to follow the commodities for my job - oil hit $109 a barrel today as a high. It did settle "up" at $107.30. Who'd have thunk a year ago? So, it is a certainty that the economy begins to suffer at $100 oil. The economists said no but now its really happening. Folks don't have enough to pay for gas, oil and derviatives (20% of oil is used for petrochemicals and downstream products - everything from plastics to detergent and toothpaste). And these things are going up because oil becomes ethylene or propylene that can go into plastic or oxides. Oxides make surfactants, soaps etc etc. Ethylene and more importantly propylene go into benzene then acrylates (to make latexes etc) - See how its all connected. I have had price increases on my products every month (sometimes twice a month) to keep up. Now the banks are going under too because folks can't pay their mortgages. Yikees! __________________ Kind regards Becky Found lump via BSE Diagnosed 8/04 at age 45 1.9cm tumor, ER+PR-, Her2 3+(rt side) 2 micromets to sentinel node Stage 2A left 3mm DCIS - low grade ER+PR+Her2 neg lumpectomies 9/7/04 4DD AC followed by 4 DD taxol Used Leukine instead of Neulasta 35 rads on right side only 4/05 started Tamoxifen Started Herceptin 4 months after last Taxol due to trial results and 2005 ASCO meeting & recommendations Oophorectomy 8/05 Started Arimidex 9/05 Finished Herceptin (16 months) 9/06 Arimidex Only Prolia every 6 months for osteopenia NED 18 years! Said Christopher Robin to Pooh: "You must remember this: You're braver than you believe and stronger than you seem and smarter than you think"