Episode 1200: Think Tank: US petrochemical outlook with James Ray

ICIS consultant, James Ray, describes how the shale gas revolution has benefited the US economy and chemicals plus views on demand and the green transition.-          US shale gas revolution has helped entire economy-          Low energy costs key driver of economic growth-          Post-pandemic soaring demand, crimped supply pushed margins very high-          US chemicals margins have now normalised, companies profitable-          US construction market hurt by inflation, high interest rates-          US auto industry improving but inventory still high-          Companies, consumers less willing to pay green premium in tough times-          Economics, incentives drive US business decisions-          US incentives much more effective than Europe sanctions