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Quantitative Easing Just Doesn’t Work

By John Richardson

AT long last! Mario Draghi, president of the European Central Bank (ECB), said in a speech to the IMF last week:

 We have to be mindful that too prolonged a period of very low real rates can …

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Shallow Discussions Versus Complex Oil Price, Economic Realities

By John Richardson

IT has been a very good year so far for European and Asian naphtha cracker operators, as the chart above illustrates. As you can see, in the case of high-density polyethylene (HDPE), naphtha-based integrated margins in 2015 …

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Your Seven-Point Guide To H2 2015 Oil Prices

By John Richardson

BEFORE you get carried away with the wholly misguided notion that we have entered into a “new normal” of oil prices in the region of $60-80 a barrel for the rest of this year, see below for …

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US Fed Reinvents 19th Century Boom And Boost Oil Markets

By John Richardson

ONE way of looking at the world is that central bankers know exactly what they are doing as they are Masters of the Universe.

These bankers have excellent degrees and doctorates from top universities bursting out their …

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Why The New Belief In Oil-Price Stability Is Wrong

By John Richardson

THE new consensus view on oil prices,  based on my discussions with many delegate on the side lines of this year’s Asia Petrochemical Industry Conference (APIC) in Seoul, South Korea, seems to run roughly as follows:…

OK,

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China And The Lewis Turning Point: It Is Here

By John Richardson

FOR the last four years, my fellow blogger Paul Hodges and I have been consistently arguing that China was about to hit the Lewis Turning Point.

This is the point at which any country runs out of …

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How 3D Printing Means No Repeat Of China’s Growth Story

By John Richardson

AS you can see from the above chart, China’s percentage share of the global polypropylene (PP) market has risen from 15% of consumption in 2000 to 33% in 2014. During the same period, however, India’s share of …

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Why Getting It Wrong Really, Really Matters Today

By John Richardson

It is never easy to admit you are wrong because of the loss of “face” (and for me “face” is just as much an issue in the West as it is in Asia. It just presents itself …

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Just “Black Swans” That We Can’t Predict? Nonsense

By John Richardson

HERE is a list of just a few recent what were are told were “Black Swan” events:…

The Lehman Bros-triggered global financial crisis.
China’s 2008-2013 economic stimulus package.
Last year’s collapse in oil prices.
China’s economic and

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Do Business On China’s Terms Or Do No Business At All

By John Richardson

THE above slide summarises where I think the future opportunities will lie for overseas polyolefins producers in the key China market.  This is taken from my  recent speech at the ICIS 4th World Polyolefins  Conference in Amsterdam.…

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