Dow Chemical to raise prices up to 20 percent, blasts Washington for 'true energy crisis'

ap ^ | 05/27/2008 | ap

[milwguy]

MIDLAND, Mich. (AP) -- Dow Chemical Co. will raise product prices by up to 20 percent almost immediately to offset the soaring cost of energy and raw materials, and the CEO of the chemical giant lashed out Washington on Wednesday for failing to develop a sound energy policy.

"For years, Washington has failed to address the issue of rising energy costs and, as a result, the country now faces a true energy crisis, one that is causing serious harm to America's manufacturing sector and all consumers of energy," Chairman and Chief Executive Andrew Liveris said in a statement.

"The government's failure to develop a comprehensive energy policy is causing U.S. industry to lose ground when it comes to global competitiveness, and our own domestic markets are now starting to see demand destruction throughout the U.S."

Liveris said soaring costs for Dow are "forcing difficult discussions with customers

[milwguy]

The elite in Washington ignores the businesses that employ the people who pay their wages. Instead of addressing energy crisis by drilling and promoting true alternatives, they are in the pockets of ethanol whores like ADM, wind whores like GE, and Cap and Trade whores like AL Gore.

[WarToad]

And here come the domino’s....

[RDasher]

milwguy wrote: “...they are in the pockets of ethanol whores like ADM, wind whores like GE, and Cap and Trade whores like AL Gore.”

Don’t forget the CFL whores (GE, Phillips, etal), and the corn whores (farm lobby, and Sen Grassley)

[crz]

I wonder when the hell the American public is going to really get with it on this and go to DC and really raise hell. It is obvious they (polititions) dont care one bit.

All I hear is bitch and moan but nothing is being done to really shake them up.

[RightWhale]

Washington has failed to address the issue of rising energy costs and, as a result, the country now faces a true energy crisis

It is not a crisis but chronic, and Washington can do nothing.

[massgopguy]

They’ll need to find a way for McCain-Feingold to rule that the 1st Amendment doesn’t apply to American corporations.

[Brilliant]

So why doesn’t this guy run for Congress? If you have idiots in Washington, you’ll have idiotic policies.

[Sicon]

Well, at least we’re seeing the point being made in the MSM that Washington’s total failure to deal with energy policy has brought us to this point. It will become increasingly difficult for Washington to pin the blame on Big Oil or Big Whomever, when every business in the country is pointing the finger at them and their idiotic policies.

[milwguy]

forgot about the CFL whores, thanks! Of course GE is in that bunch too. They are the worst by far, becasue their CNBC and MSNBC are nothing but shills for their ‘green’ power initiatives.

[ktime]

Why aren’t the media blaming Pelosi and Harry Reid? They are responsible for the ‘energy crisis’ by sticking their neck in the sand and refusing domestic energy exploration and refinery construction.

[1rudeboy]

Note that this guy doesn’t even get the opportunity to testify before Congress . . . and this storm has been brewing a long, long time.

[RightWhale]

Sure the point is being made, but the argument fails. Oil production worldwide is barely keeping up with demand, which should indicate that Big Oil is for some reason understood only by themselves and contrary to all principles of capitalism not producing as much as they would want to at these bull market prices.

[Admin Moderator]

Please use the main article headline, in order to avoid duplicates.

[RightWhale]

There is no energy crisis.

[sheana]

Cap and Trade whores like AL Gore.

Cap and Trade whores like John McCain.

Fixed it for you.

[Sprite518]

LOL! All this talk of Whores makes me think I am on Hooker Ave...

[thackney]

Oil production worldwide is barely keeping up with demand

Except for the days of Drake's well and Spindletop, when was it different? Who produces more than is going to be bought for any length of time?

[EagleUSA]

Washington has failed to address the issue of rising energy costs and, as a result, the country now faces a true energy crisis...
::::
Washington could have, decades ago, and still can do ALOT. We have NO COMPREHENSIVE ENERGY POLICY and Washington does not give a damn. They are more interested in the power they get from pandering to anti-energy, anti-drilling, anti-oil concerns (the radical liberal greenie left) than they are about ensuring that America has the oil and nuke electric energy it needs.

Don’t say they can nothing. They can do EVERYTHING to fix the issues if they cared.

[milwguy]

Thanks, not a dimes worth aof difference between the two on global warming.

[1rudeboy]

I would imagine a company such as Dow uses more electricity and natural gas than oil, but I’m not sure if that makes your point invalid.