December 2015, OPEC announced intentions to maintain its record-level production of crude oil, heralding continued glut and low prices for 2016. Many sectors will continue to experience the negative effects; others will not. One largely unaffected sector is the U.S. petrochemical industry. Shale Oil Fuels Petrochemical Expansion In the United States, massive quantities of shale oil has led to its use over heavier crude in production, with companies opting for lighter shale-based feedstocks over naphtha feedstocks. ...The post Multi-Billion-Dollar Projects and an Acute Labor Shortage appeared first on S & D Consulting.
