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Marcellus shale cut down to size

By Malini Hariharan

The blog has been reading with interest a recent report about the Energy Information Administration (EIA) cutting its estimate of the Marcellus shale gas reserves by 80% following a recent study by the US Geological Survey (USGS).…

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Formosa up but not out of the woods yet

By Malini Hariharan

Operations at the Formosa group of companies in Mailiao, Taiwan, are slowly resuming but the group faces an uphill task in regaining public and government confidence in its ability to run plants safely.

There have been seven …

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Chandra Asri stake up for sale?

By Malini Hariharan

Indonesia’s sole cracker operator Chandra Asri faces yet another ownership change with Singapore’s Temasek Holding reported to be looking at divesting its stake in the company.

The news report in the Wall Street Journal said several companies …

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Yet another week of price corrections

By Malini Hariharan

Asian petrochemical markets continue to face downward pressure on concerns about the health of the global economy. Market sentiment for most products remains poor with buyers in no rush to resume purchases.

Polyolefin markets closed last week …

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Towards a New Normal, not a new Supercycle

GDP growth figures in Europe and the USA have shown virtually no growth in Q2, whilst China is clearly also slowing fast.

It is hard to believe that even today, some analysts are still arguing that a new Supercycle is …

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US Fed policy may be going Back to the Future

by Paul Hodges

Today’s 419 point fall on the Dow Jones Average, and $6/bbl fall in WTI crude oil prices, may not be just another example of the wild volatility that has come to seem normal in financial markets.

It …

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Buffett says US rich should pay higher taxes

by Paul Hodges

Last year, Warren Buffett paid only $7m taxes, just 17.4% of his income.

Now he says rich Americans, including himself, should pay more, in order to help reduce US debt. He notes that:

• In 1992, the …

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Wal-Mart sends a message

by Paul Hodges

The blog is a great believer in the predictive power of the retail sector.

Wal-Mart and Tesco were the first to spot the downturn in the summer of 2007, a year before it became obvious to everyone …

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China’s bank lending nears its Minsky Moment

by Paul Hodges

China’s credit bubble is one of the largest the world has ever seen. This is true not only of its total size, but also in relation to GDP.

The history of credit bubbles is very clear about …

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China And Bouncing Dead Cats

By John Richardson

Fifty per cent of the blog (John Richardson) is on leave for the next two weeks.

Next week Paul Hodges will be posting on Asian Chemical Connections. Paul runs the ICIS Chemicals & Economy blog.Then from the …

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