December 2008

Columns

HPIn Europe: Will the oil price interlude catch the world napping?

It looks like the new year that will soon be upon us will see a welcome sedative for policymakers and planners of the refining industry and wider economy. The year 2008, with its record energy price..

Wright, Tim L., Hydrocarbon Processing Staff

It looks like the new year that will soon be upon us will see a welcome sedative for policymakers and planners of the refining industry and wider economy. The year 2008, with its record energy prices, has been disconcerting—but a comforting lullaby is in the air. "Go to sleep, it's all right, prices are down, things are getting nicely back to normal," is more or less the lyric. Choose any tune, but the voice should be reassuring, calming, with no hint of deception and malice. Oil prices will be at low levels compared with a freak 2008, and this will cause them to magically disappear from view. My prediction for the next 12 months is that it will be the year that the collective

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