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Thread: Chemical slump sends LyondellBasell into Chapter 11

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    Chemical slump sends LyondellBasell into Chapter 11

    Chemical giant Lyondell has just gone bankrupt. The company has a huge presence in the Houston area, but how the bankruptcy will affect the economy is still unknown, although Houston is diversified enough that any negative impact will be minimal. Still, this comes as somewhat of a surprise to me. I am wondering if the present round of deflation helped contribute to this.

    Article is here.
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    Re: Chemical slump sends LyondellBasell into Chapter 11

    Quote Originally Posted by danarhea View Post
    Chemical giant Lyondell has just gone bankrupt. The company has a huge presence in the Houston area, but how the bankruptcy will affect the economy is still unknown, although Houston is diversified enough that any negative impact will be minimal. Still, this comes as somewhat of a surprise to me. I am wondering if the present round of deflation helped contribute to this.

    Article is here.
    Gee, I heard Texas was pretty much unharmed from this economic crises. Thank you Rick Perry.

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