Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher

How long is an economic cycle for the HPI?

08.01.2012  |  Romanow, Stephany,  Hydrocarbon Processing Staff, Houston, TX

Keywords: [refining] [petrochemicals] [LNG] [shale oil] [natural gas] [economics]

As summer takes hold in the Northern Hemisphere, demand for energy in various forms increases. In looking back over the past 90 years, energy demand and pricing cycle through high and low points. In 2008, many economists commented that the global slowdown reflected the same conditions as the early 1980s. However, the waves of change continue to “roll through” due to numerous interconnected events. In this month’s Insight, economic downturns appear to follow a 10-year cycle, judging from the headlines. Closure of refining and petrochemical capacity is not a new development. Headlines regarding plant shutdowns or “mothballing” occurred more often than we typically recall. Remembering and learning from the past will support better decision-making going forward.

To continue reading please, log in to hydrocarbonprocessing.com.

Subscribe now for premium access and unlimited access to the site, including archived articles and the process handbooks.  Start a free trial to gain access to articles from the current issue of Hydrocarbon Processing. 

Already have an account?


Subscribe today and gain unlimited and immediate access to the site. Plus, you'll receive the next 12 issues of the magazine in your choice of print or digital format. Start your subscription today.

Free trial

Start a free trial and gain immediate access to the current issue of the magazine plus additional, select content.

30 Day Trial

Related articles


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry


Is 2016 the peak for US gasoline demand?




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2016 Hydrocarbon Processing. © 2016 Gulf Publishing Company.