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A Letter to Janet Yellen: Why People Expect Low Inflation

Last month, Janet Yellen, the chairman of the US Federal Reserve ( see picture on the left), admitted in a briefing to the Economic Club of New York that she was baffled by the lack of strong future inflation expectations …

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Reliance On Any China Polymer Deficit Will Not Work

 

By John Richardson

THE “last big man standing’, as polyethylene (PE) was described to me during my visit to Shanghai last week, is widely expected to remain in major deficit in China for the next decade at least.

As …

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China’s Internet Sales Explosion And Demand For Plastics

By John Richardson

JUST as hundreds of millions of people in the developing world went straight to mobile phones, bypassing landlines, so looks set to be the case for Internet sales in China’s second and third tier cities. This is …

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Why US Natural Gas Will Stay Very Cheap

By John Richardson

CONVENTIONAL thinking about US natural gas prices is that they will start to edge up over the next few years.

Reasons include major shale gas investment cutbacks resulting from the recent collapse in US natural gas pricing.…

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US Shale Oil Was Never Going To Stand Still

By John Richardson

TECHNOLOGY doesn’t stand still. That’s the whole point about technology as any oil, gas or chemicals engineer will tell you.

The above chart is a fantastic example of this. It shows how the efficiency of US oil …

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China: Defining The Real, Future Profit Motive

By John Richardson

IF you picked up the phone and talked to the right people, or sat down with them face to face, it was possible to in the past come away with the impression that creating and maintaining jobs …

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US Ethane Shipments And The Broader Picture

By John Richardson

THE first shipment of ethane from the US to Europe, which is set to arrive on Wednesday to feed the INEOS cracker at Rafnes in Norway, will be widely interpreted as meaningonly one thing: That nothing in …

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How To Grow Sales In A Deflationary World

By John Richardson

CHINA hugely increased its propylene and derivatives capacity to the point where by 2011, it became the first region or country where downstream propylene consumption surpassed that of ethylene.

This didn’t mean booming actual demand for propylene …

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Oil Price Recovery: Please Remember 2015

By John Richardson

EVEN if oil prices should go down right now, based on supply and demand fundamentals, the financial players will not let that happen.

This is the view of several analysts who point to the closure of numerous …

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Demand: The New Direction for Profit

By John Richardson

WE were right about China’s change of economic direction, which we identified in November 2013. We were then right about the collapse in oil prices from August 2014 onwards. And we also made the right call when …

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