The Covid-19 pandemic has accelerated the fundamental changes which were already underway in global markets, as I discuss in a new interview with Will Beacham of I.C.I.S. Companies and investors need to focus on the challenges and opportunities created by 5 major paradigm shifts as we move into the New Normal. These will impact individual […]
Chemicals and the Economy
Oil prices start to reconnect with coal and gas
Oil prices are finally starting to reconnect with other fossil fuel prices, as the chart shows. It compares US WTI prices in terms of $/MMBtu value (WTI/5.8), versus US natural gas and coal prices: In January 1990, WTI was $3.94 versus natgas at $2.30 and coal at $1.45 (all $/MMBtu) In January 2000, WTI was […]
Economic risks rise as the lockdowns end
It is now 13 years since I wrote the first post here, in June 2007. A lot has happened since then: There was the 2008 subprime crisis, forecast here and in the Financial Times – although sadly, few took advantage of the warning This led to the publication of ‘Boom, Gloom and the New Normal: How […]
World moves from Denial to Anger, as the Paradigm of Loss moves forward
I have been warning about the Covid-19 risk since early February, and in April suggested here that: “None of us have ever seen a health crisis on the scale of Covid-19 . Nor have we seen an economic crisis on this scale before. The best guide to what may happen is therefore likely to be […]
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