A Crude Oil Casualty? Low crude oil prices threaten the North American gas-based chemical renaissance Report

Insight 13 January 2015

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Report summary

The recent decline in crude oil prices is impacting global energy markets, companies, and economies. About $135 billion dollars of investments are planned by the North America gas-based chemical industries. Most of these investments have been justified based on North America natural gas prices staying significantly lower than crude oil prices. The recent collapse between the relative value of crude oil and natural gas is now challenging the viability of these planned investments.

Introduction
Reversal of fortune: Crude oil falls relative to natural gas
Huge gas-based ethylene investments planned in North America
- North America Ethylene Market
The global ethylene supply curve has flattened in just four months
- September 2014 - Global Ethylene Supply Curve
- November 2014 - Global Ethylene Supply Curve
Conclusions & Implications

Tables and charts

This report includes 6 images and tables including:

Key Energy Benchmarks
A Crude Oil Casualty? Low crude oil prices threaten the North American gas-based chemical renaissance: Image 2
A Crude Oil Casualty? Low crude oil prices threaten the North American gas-based chemical renaissance: Image 3

October 2014 - Global Ethylene Supply Curve
A Crude Oil Casualty? Low crude oil prices threaten the North American gas-based chemical renaissance: Image 5
December 2014 - Global Ethylene Supply Curve