Well, Bennie and the Inkjets Say Inflation is No Big Deal
So pay no attention to stuff like this:
Dow Chemical to raise prices up to 20 percent, blasts Washington for 'true energy crisis'
MIDLAND, Mich. (AP) -- Dow Chemical Co. will raise product prices by up to 20 percent almost immediately to offset the soaring cost of energy and raw materials, and the CEO of the chemical giant lashed out Washington on Wednesday for failing to develop a sound energy policy.
Interesting that Dow is whining about this now. Here's its 2006 record
on political palm-greasing. 2004
. For 2008, it's redirecting money
to the Democrats. Guess its hoping that higher gas mileage, solar, etc. will leave behind more petrol for chemical feedstocks. That's Charlie Munger's take on things, too.