August 2000

Columns

HP Insight: Engines of change

Last year, many members of the HPI were anxious over how the new millennium would impact this industry. During the late 1990s, many factors - crude oil prices, global recession (for som..

Romanow, Stephany, Hydrocarbon Processing Staff

Last year, many members of the HPI were anxious over how the new millennium would impact this industry. During the late 1990s, many factors - crude oil prices, global recession (for some nations, recession), currency instability, overcapacity / shortages, etc. - affected products' demand and prices. The petrochemical cycle also wields influence over this industry; yet, the HPI muddles along. Other external forces are imposing significant pressures. In some instances, these drivers can cause the industry to enter a downturn quicker or rebound faster. Presently, two powerful forces - technology, and mergers and acqu

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