Oil prices distorted by Wall St’s computer trading

Crude oil and commodities markets have lost touch with the fundamental realities. This didn’t just happen yesterday, but began a decade ago.

That’s the argument put forward by my co-author, John Richardson, in the latest chapter of our new free eBook, ‘Boom, Gloom and the New Normal – how the Western BabyBoomers are changing chemical demand patterns, again’.

John highlights how the supposedly ‘informed commentary’ that gets widely reported in the media is often focused on boosting income for the trading houses, not market understanding.

I describe some of the issues this raises for chemicals in the above 3 minute interview with ICIS’ Will Beacham.

We are delighted with the support we are receiving for the free eBook. Please click here if you would like to download Chapter 3.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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