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Dow Chemical Hikes Prices 20 Pct Due to High Oil Prices

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Dow Chemical Hikes Prices 20 Pct Due to High Oil Prices

Unread postby frankthetank » Sun 01 Jun 2008, 10:23:49

I wonder if its something you'll see immediately or something that will be phased in as business replenish stock?

So pretty much everything is going to take a price jump.

Lets go back to building everything out of wood, metal and glass.
lawns should be outlawed.
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Re: Dow Chemical Hikes Prices 20 Pct Due to High Oil Prices

Unread postby grampybone » Sun 01 Jun 2008, 10:27:16

I would think that the price increases might be gradual as stores buy more stock to replenish the shelves.
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Re: Dow Chemical Hikes Prices 20 Pct Due to High Oil Prices

Unread postby mos6507 » Sun 01 Jun 2008, 14:36:32

Everyone's going to get a much needed education in how oil prices impact the price of many things other than gas at the pump.
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Re: Dow Chemical Hikes Prices 20 Pct Due to High Oil Prices

Unread postby Peleg » Sun 01 Jun 2008, 17:15:55

$this->bbcode_second_pass_quote('Drifter', 'I')'m guessing that the product manufacturers who buy from Dow Chemical will have to pass this price increase on to the consumer. Dow Chemical is one of the major plastic and chemical producers. This will probably affect the price of thousands of consumer items.

Perhaps. Dow has been insulating them from it for a while for fear of hurting demand. now that it is passed on the next tier in the supply chain may choose to burn through the war chest for a while rather than risk a sticker shock as well. Certainly they will have to start allowing some price rises. The consumers credit and equity may be tapped, but with the Fed willing to dump oodles of fresh cash into the banking system, are corporate subsidies far behind. Maybe the Fed will agee to buy Dow chemical. The corporate paper is something I know little about, but someone did tell me that it was a sign that things were not as bad as some claim. I'm not sure that makes sense since the driver of it all is peak oil. everything else we are seeing is a response to our failure to understand the future history of energy and it's very important relationship to money.
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