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Oil, Gas,Chemicals: A Trove Of Financially Toxic Assets

By John Richardson

OIL and gas companies might very well find themselves holding on to what Izabella Kaminska of the FT has aptly called “a trove of financially toxic assets” as a result of the growing, and irreversible, consensus that …

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Trade Flows In A Low Carbon World

By John Richardson

YOU will have no doubt seen many charts similar to the one above, which shows lots of arrows indicating the direction of global petrochemicals trade flows – in this example, polyethylene (PE). The actual numbers, are, of …

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The Data Is Still Staring Everyone In The Face

By John Richardson

I CONTINUE to worry that people are only paying attention to when the Fed will raise interest rates. As a result, they are missing the far bigger story, which is the slowdown in both developing and developed …

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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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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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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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