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US Deficit Reduction Plans Affecting Profitability of the Petrochemical Industry

US Deficit Reduction Plans Affecting Profitability of the Petrochemical Industry

Table of Contents

Market Briefing
Published: April 2012
Pages: 5
Tables: For full details, please email deborahf@cmsinfo.com
From: GBP 312.50  Buy Now!
Research from: GlobalData
Sector: Oil & Gas

US Deficit Reduction Plans Affecting Profitability of the Petrochemical Industry

Summary

A recent energy speech by US president Barack Obama outlining government intentions to increase fossil fuel tax ? citing the fiscal deficit and political unrest in the Middle East as reasons and rejecting the solution of increased domestic crude oil production ? has evoked a strong reaction from the petroleum and petrochemical industries.

Increased tax on petroleum companies will translate into higher operating costs for manufacturing industries across the US. With the petrochemical industry already struggling with high operating, feedstock and labor costs, this tax hike will burden the US petrochemicals industry and will severally undermine its profitability.

Scope

- Analyses the US Deficit Reduction Plans
- Analyses the impact on petrochemical industry profitability

Reasons to buy

- Understand the US tax subsidies withdrawal from fossil fuel and it impact on petrochemical industry
- Obtain the details of US petroleum industry proposed program for lease sale

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