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1973 oil crisis adjustment ammonia Annex base case cracker benzene butadiene butane Canada cent co-products competitiveness cracker crude oil developed country economic energy market energy products enterprises ethane cracker ethane prices ethylene capacity ethylene derivatives Ethylene glycol ethylene production Europe and Japan European exports factors feedstock prices Figure fixed capital fuel Gas oil gasoline growth hydrocarbons important industry's investment Japan LDPE major methanol Middle East million tonnes naphtha cracker naphtha prices natural gas condensates natural gas price natural gas processing OECD OECD area OECD countries oil and gas oil price shock oil products oil shock output petrochemical industry petrochemical markets petrochemical production plant plastics Polypropylene primary petrochemicals production capacity projects propane propylene reference scenario refinery relative second oil price sector Source Styrene supply surplus synthetic Table thermoplastics tonne of ethylene trade traditional production areas United Western Europe