her suppliers of CDT the key ingredient of PA12 in the world. Evonik and French chemical company Arkema together make nearly half the world's supply of the nylon resin. "This is a very small part of the small plastics industry," he said. Blanchard said automobile fuel lines were previously made of rubber. Carmakers switched to other materials when ethanol was added to gasoline in the 1990s because ethanol ate through rubber tubing. Tubing made with PA12, or Nylon-12, is prized for its strength and heat resistance. Blanchard said the auto industry has been looking for materials to replace PA12 because the ongoing shortages of it have caused prices to spike in the last two years. Copyright 2012 The Associated Press. All rights reserved. This material may not be published,toms shoes, broadcast, rewritten or redistributed,toms shoes sale. Your comment will be posted immediately,tomsoutletsalecheap.com, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By ALAN CLENDENNING, Associated Press MADRID (AP) Argentina's President Cristina Fernandez is attempting to quell increasing unrest at home and boost her popularity with an "unlawful" bid to nationalize YPF, the Argentine oil unit of Spanish energy firm Repsol, the company's president claimed Tuesday as the group's shares plunged more than 7 percent. As Spain's government prepared retaliatory measures against Argentina, the European Commission added to the two nations' rapidly rising economic and diplomatic tensions by indefinitely postponing a meeting with Argentine officials over a bilateral trade and economic treaty between the European Union and Argentina. European Commission President Jose Manuel Barroso said he was "seriously disappointed" by Argentina's decision and warned that "this creates an uncertainty which is not helpful to our economic relations and to the economy as a whole." Fernandez sparked the firestorm between Spain and Argentina on Monday when she sent a bill to her country's congress to put a majority stake of YPF in state hands, effectively nationalizing the oil company. Argentina has in the past accused Repsol of failing to invest enough in YPF and its oil sector. Repsol president Antonio Brufau told reporters that the company demands just compensation and will fight Fernandez' plan, adding that she "carried out an unlawful act and made unlawful charges after a campaign aimed at knocking down YPF shares and allowing expropriation at a bargain price." YPF, he added, was singled out while other foreign energy companies with Argentina operations were not targeted. The decision by Fernandez "is only a way of covering up the social and economic crisis Argentina is facing" amid high inflation and energy prices, Brufau added. Repsol shares were down 7.1 percent to 16.25 ($21.34) each in early afternoon trading in Madrid, far underperforming the benchmark Ibex index, which was up 1 percent. Analysts were concerned that Argentina has not stated any compensation term Related articles:

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