Tag Archives | the Fed

$30 A Barrel Crude: Six Reasons Why It Will Happen Again

Want to know what do next? Then contact ICIS Consulting at john.richardson@icis.com

 

By John Richardson

IT WAS clear as early as January 2013 that US shale-oil production was on the rise. Back then I warned that this new supply …

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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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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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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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US Resumes The Pointless “China Blame Game”

By John Richardson

IT IS human nature not to want to admit you are wrong. Nobody likes owning up to mistakes.

What is instead a lot easier is to look for someone else to blame when things start going very …

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China’s Damage Limitation: The Reserve Requirement Cut

By John Richardson

DAMAGE limitation is the motive behind China’s decision cut its reserve requirement  ratio (RRR) by 0.5% to 19.5%.

(The RRR is the amount of money that banks have to set aside against this lending, and so the …

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US Petrochemicals: Three Predictions For 2015

By John Richardson

AS you can see from the table below, there are  no less than 12 US ethane-based cracker projects being planned with lots of associated downstream capacity.

Theoretically, this represents:

14.8m tonnes/year of new ethylene capacity at these…

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Policymakers Have Failed The World

By John Richardson

WHEN the economic, social and political history of 2008-2014 ends up being written, there are two groups of people who are going to end up bearing a lot  of the blame for  the new global financial crisis. …

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US Petrochemicals Will Suffer From “The Blame Game”

 

By John Richardson

THE chat below provides some very instructive reading as it shows that:

Since 2000, overall real consumption in US polyethylene (PE) has fallen from around 12.5m tonnes to 12.3m tonnes (real consumption is domestic production plus…

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