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Topic: Energy

chips shortage

When the (Micro) Chips Are Down, Being Overly Smart Doesn’t Help

If there were an award for strongest trending topics in 2021, semiconductors would be among the top contenders. Rightly so, considering their use in so many applications, such as automobiles, wireless communications, personal computers, servers, and electromedical and various other digital technologies. As the “smartness” quotient in end-use applications continues to climb, chip demand similarly

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Base oil, base oil everywhere, nor any drop to buy

Base oil, base oil everywhere, nor any drop to buy

In February 2020, European Group I base oil export spot prices were in the low-mid $600/ton range between SN150 and brightstock. Today, solvent neutral cash market prices are double, and brightstocks almost triple, their levels of just a year ago.
The causes of such an explosion in base oil prices are not obvious and go beyond the confines of the base oil business itself. This paper is an attempt to rationalize the complexities.

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