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Will Escalating Oil Prices Cause Laboratory Science Costs To Soar? - The Scientist - Magazine of the Life Sciences

Will Escalating Oil Prices Cause Laboratory Science Costs To Soar? - The Scientist - Magazine of... Suppliers of laboratory chemicals and plastics are already beginning to feel the pinch from rising crude oil prices in the wake of the worldwide embargo of Iraqi oil. But it's not clear when-or if-scientists will have to pay more for those products. Officials at some companies, like J.T. Baker Chemical Inc. of Phillipsburg, N.J., one of the country's largest suppliers of laboratory solvents and other chemicals, say they plan to pass the cost increases onto their distributors, who could try to recoup their higher costs from customers. Others, like Sigma Chemical Co. of St. Louis and Fisher Scientific of Pittsburgh, say they will swallow the costs themselves, at least for now. No one expects scientists to be paying more for essential chemicals and equipment anytime soon. And many company executives noted that the cost of oil is a minor component of the price tag for most products used in the laboratory. But many suppliers of such workhorses of the laboratory as solvents are nervous. Their products are essentially highly refined petrochemicals. Oil companies, which supply benzene, toluene, and other raw materials to them, have increased their prices by 30 to 40 percent since the Persian Gulf crisis began http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Scientist The Scientist

Will Escalating Oil Prices Cause Laboratory Science Costs To Soar? - The Scientist - Magazine of the Life Sciences

The Scientist , Volume 4 (19): 1 – Oct 1, 1990

Will Escalating Oil Prices Cause Laboratory Science Costs To Soar? - The Scientist - Magazine of the Life Sciences

The Scientist , Volume 4 (19): 1 – Oct 1, 1990

Abstract

Suppliers of laboratory chemicals and plastics are already beginning to feel the pinch from rising crude oil prices in the wake of the worldwide embargo of Iraqi oil. But it's not clear when-or if-scientists will have to pay more for those products. Officials at some companies, like J.T. Baker Chemical Inc. of Phillipsburg, N.J., one of the country's largest suppliers of laboratory solvents and other chemicals, say they plan to pass the cost increases onto their distributors, who could try to recoup their higher costs from customers. Others, like Sigma Chemical Co. of St. Louis and Fisher Scientific of Pittsburgh, say they will swallow the costs themselves, at least for now. No one expects scientists to be paying more for essential chemicals and equipment anytime soon. And many company executives noted that the cost of oil is a minor component of the price tag for most products used in the laboratory. But many suppliers of such workhorses of the laboratory as solvents are nervous. Their products are essentially highly refined petrochemicals. Oil companies, which supply benzene, toluene, and other raw materials to them, have increased their prices by 30 to 40 percent since the Persian Gulf crisis began

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Publisher
The Scientist
Copyright
© 1986-2010 The Scientist
ISSN
1759-796X
Publisher site
See Article on Publisher Site

Abstract

Suppliers of laboratory chemicals and plastics are already beginning to feel the pinch from rising crude oil prices in the wake of the worldwide embargo of Iraqi oil. But it's not clear when-or if-scientists will have to pay more for those products. Officials at some companies, like J.T. Baker Chemical Inc. of Phillipsburg, N.J., one of the country's largest suppliers of laboratory solvents and other chemicals, say they plan to pass the cost increases onto their distributors, who could try to recoup their higher costs from customers. Others, like Sigma Chemical Co. of St. Louis and Fisher Scientific of Pittsburgh, say they will swallow the costs themselves, at least for now. No one expects scientists to be paying more for essential chemicals and equipment anytime soon. And many company executives noted that the cost of oil is a minor component of the price tag for most products used in the laboratory. But many suppliers of such workhorses of the laboratory as solvents are nervous. Their products are essentially highly refined petrochemicals. Oil companies, which supply benzene, toluene, and other raw materials to them, have increased their prices by 30 to 40 percent since the Persian Gulf crisis began

Journal

The ScientistThe Scientist

Published: Oct 1, 1990

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