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Big Industries Joust Over Energy Prices

Posted Nov 8, 07 2:18 PM CST in US,  Business    Editor's Choice

(Newser) – US industries are at each other’s throats over energy policy as each sector tries to protect its own interests. A prime example came last year, when Dow Chemical's push for tougher automobile fuel-economy standards—which would help keep a lid on Dow's oil expenditures—ran afoul of automakers, who stand to suffer from such legislation and are huge Dow clients.

Dow eventually backed off, but other industries spar on. Biodiesel producers are battling makers of a meat-based fuel for federal dollars. Oil companies have taken up Dow’s fuel-efficiency cry against automakers, who in turn are demanding more ethanol pumps from oil. As Dow’s chief told the Wall Street Journal, in a global push to solve energy, “someone wins, someone loses.”

Source Wall Street Journal

Editor Recommended
Andrew Liveris, Dow Chemical's chairman and chief executive officer, speaks at News Corp.'s Global Energy Initiative on Wednesday, May 9, 2007 in New York. (AP Photo/Mark Lennihan)   (Associated Press)
Andrew Liveris, Dow Chemical's chairman and chief executive officer, speaks at News Corp.'s Global Energy Initiative on Wednesday, May 9, 2007 in New York. (AP Photo/Mark Lennihan)   (Associated Press)
An oil refinery in Whiting Ind. is seen Wednesday, Nov. 7, 2007. (AP Photo/M. Spencer Green)   (Associated Press)
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climate change  • oil prices  • auto industry  • crude oil  • ethanol  • vehicle emissions  • biodiesel  • Dow Chemical Co.


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