Tell Us How Your Really Feel

Dow Chemical announced today that it will be increasing the price of all of its products due to increased energy costs.

CEO Andrew Liveris knows how to tell it like it is. Typical Aussie. In an interview last week he called Congress "a joke" for prohibiting offshore drilling. "To me that is the insane asylum being run by lunatics."

I'm trying to find the full text of his statement today, but in the meantime, here's a blurb from Yahoo:

"For years, Washington has failed to address the issue of rising energy costs and, as a result, the country now faces a true energy crisis, one that is causing serious harm to America's manufacturing sector and all consumers of energy," Chairman and Chief Executive Andrew Liveris said in a statement.

"The government's failure to develop a comprehensive energy policy is causing U.S. industry to lose ground when it comes to global competitiveness, and our own domestic markets are now starting to see demand destruction throughout the U.S."

Sounds like he's going to be sending production overseas.

Sounds like he's predicting recession.