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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
BRAD GOODE, CNBC ANCHOR: Worries about the earnings of chemical-makers this quarter rocked Wall Street on Wednesday, but our next guest says chemical companies can actually perform better in an environment of higher energy costs. Here now with his outlook and stock picks is Frank Mitsch, senior chemicals analyst at Fulcrum Global Partners.
Good morning, Mr. Mitsch, good to have you in here.
FRANK MITSCH, SENIOR CHEMICALS ANALYST, FULCRUM GLOBAL PARTNERS: Good morning.
GOODE: If oil is such an integral part of chemical manufacturing from products, how can we assume that chemical companies will be able to raise and pass along these higher energy costs? That seems to be a question for some.
MITSCH: You know, if you look at history, you can see times where oil prices are very low. And you know what, chemical stocks did horribly. The reason why oil was low is because demand wasn`t so good. And if demand is not...
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