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US Oil, Gas, Chemicals Drowning In Excess Of Credit

By John Richardson

THE US oil, gas and petrochemicals sectors are drowning in an excess of credit that has distorted rational analysis of long-term supply and demand fundamentals.

So, just as is the case with China manufacturing in general, these …

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Chasing Inflation: When Something Doesn’t Work, Stop Doing It

By John Richardson

In Greek mythology Sisyphus was punished for chronic deceitfulness by being compelled to roll an immense boulder up a hill, only to watch it roll back down, repeating this action forever.

There is a good comparison here …

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Africa And Changing “The Facts On the Ground”

By John Richardson

WHAT if your chemicals company has got it completely wrong? What if your board of directors needs a whole new way of thinking as the New Normal  further develops?

If you plan to be working in the …

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Selecting China’s Losers From Its Winners

By John Richardson

WE know that:…

China’s Total Social Financing (TSF) was down by 18% in January-April 2015 on a year-on-year basis. TSF is the measure of total credit growth in the economy, from both the state-owned banks and the

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Time To Buy Some Better Advice On India

By John Richardson

WHEN was the last time you picked up a bottle of shampoo, looked at the price, and thought “can I really afford this? Might it be better if I bought a couple of single-serve sachets of shampoo?”…

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Oil Prices, The Chase For Yield And Another Roll Of The Dice

By John Richardson

GILLIAN Tett, the outstanding financial journalist, talked about “silo thinking” in her book – Fool’s Gold – that detailed the root causes of the Global Financial Crisis.

By this she meant how too many people only had …

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The Developing World: Getting Your Strategy Right

By John Richardson

IT IS just plain intellectually lazy, and, more importantly, very wrong indeed: You work for a petrochemicals company and have been asked by your boss to come up with a demand-growth estimate for the next ten years …

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China’s New “For Profit” Chemicals Industry? Think Again….

By John Richardson

IF you think that running a chemicals company in China can be compared to running one in the West then please take a look at the above chart.

This is an updated version of a chart Paul …

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GDP Turns Negative In 11 Of China’s 31 Provinces

By John Richardson

CHINA has always been a complex and challenging place to do business, but at least during the Supercycle, you were guaranteed of this one thing: Strong economic growth across just about the whole of this vast country. …

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Too Good To Last for Asian Petchems? Yes

By John Richardson

IT has been a fantastic few months for the integrated Asian polyethylene (PE) producers as the above chart illustrates.

You can see that the average price for naphtha was $533/tonne CFR Japan in April. This compared with …

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