The litmus test for the global 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

Oil market supply/demand finally begins to matter again as commodity funds withdraw

Its been a long time since oil market supply/demand was based on physical barrels rather than financial flows:   First there was the subprime period, when the Fed artificially boosted demand and caused Brent to hit $147/bbl   Then there was QE, where central banks gave free cash to commodity hedge funds and led Brent to hit […]

Scotland launches industrial biotech strategy

Development is clearly hotting up in the industrial biotech area.  The key is the increasing demand by consumers for sustainable methods of production.  As Antonello Ciotto, commercial director of Equipolymers, told our Conference in Brussels this week, the major brand owners are forcing the pace on this issue: Coca-Cola:  “We are working to completely eliminate […]