December 2011

HPI 2012 Forecast

HPI Market Data 2012 Executive Summary

THE NEXT STEPThe economic recovery continues for the global hydrocarbon processing industry (HPI). Energy drives economic growth. Unfortunately for developed nations, stronger economic recovery remain..

THE NEXT STEP The economic recovery continues for the global hydrocarbon processing industry (HPI). Energy drives economic growth. Unfortunately for developed nations, stronger economic recovery remains a slow, arduous process with a prolonged comeback. The present downturn is very similar to the Great Depression of the 1930s. Individuals who can remember those years understand that economic problems do not correct themselves in a year or two. It will take time, lots of time, and every nation will have a very different pathway to recovery. Major events, such as the 2008/2009 downturn, also shift other trends forward. In pre-2008, China was not expected to become the No. 1 energy-consum

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