An Antidote to Industry Propaganda
Nearly a year ago, with his company reeling from rising energy prices, Dow Chemical Co. Chief Executive Andrew Liveris took a stand that turned heads in Washington. He called for tougher fuel-economy requirements for auto makers -- businesses that buy some $1.5 billion of goods from Dow each year. The move was as rational as it was risky. Dow figured that limiting oil usage by cars would ease price pressure on fossil fuels, which Dow must buy in vast quantities to feed its factories. Dow also reasoned that
In the global push to curb energy consumption, Mr. Liveris noted earlier this year, "someone wins, someone loses."