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  • All those wasted lives - but at least you got your bonus

    Mr Obscenely Rich Got Out In Tiime Banker, please look into these eyes, see the pain from the last Great Depression and maybe you will give some of your obscenely huge bonus towards poverty relief. And perhaps also you'll be willing to pay for all the counselling that the children of this new Great...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-29-2008
  • The big challenges

    As delegates gather for this year's European Petrochemical Association meeting in the unreal world of Monaco (unrealf or 99.9 per cent recurring of us), I thought it was worth summarising some of the issues discussed on this blog over the last few months. We've dealt with: *Oil-price volatility...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-27-2008
  • History will repeat itself

    It is September 2025 and the financial system has imploded due to the collapse in value of collaterised green obligations (CGOs). So how did we end up in this sorry state? Here is a guide to how the crisis developed: Governments (often sovereign wealth funds that had made a fortune from selling oil and...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-17-2008
  • The world is round after all

    I asked my boss two years ago what were his favourite business books. His list included The World Is Flat: A Brief History of the 21st Century by Thomas Friedman. Of course I rushed out and bought the book. It has sold by the truck load and was quoted by Mohamed Al-Mady of SABIC during his speech at...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-16-2008
  • Uncle Sam back from the dead?

    A very interesting report by McKinsey (you can sign up free for their online newsletter which only takes a minute) expands on the theme of reverse globalisation which I talked about last week. The cost of shipping a standard 40-foot container has tripled since 2000 and labour cost increases have risen...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-10-2008
  • Gustav points to a much bigger problem

    The good news on the radio as I came into work this morning was that Hurricane Gustav had weakened in intensity with forecasts that it might make landfall in the US with wind speeds of less than had been earlier feared. But this is not the point. The point, as Jeffrey Rubin of CIBC World Capital Markets...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-01-2008
  • "Reports of my death......

    are greatly exaggerated" wrote Mark Twain who twice had the misfortune (or perhaps good fortune, given that he was still breathing!) to read his obituary in newspapers. A full list of all those whose deaths were reported prematurely is included here in this A-Z of journalistic blunders from Wikipedia...
    Posted to ICIS Blogs (Weblog) by Anonymous on 08-29-2008
  • Can I have those coconuts, please?

    This article, by David Strahan, author of The Last Oil Shock, says that it would take three million coconuts to power one flight from London to Amsterdam on 100% biofuels. Some of the comments posted at the end of this excellent article, first published in the New Scientists, agree with Strahan that...
    Posted to ICIS Blogs (Weblog) by Anonymous on 08-27-2008
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