Hurricane Harvey

Hurricane Harvey will turbocharge move to the circular economy

300,000 homes and half a million cars have been destroyed by Hurricane Harvey.  And in terms of business, it is often forgotten that Houston is home to more Fortune 500 companies than any other metro area than New York.  The damage will take years to repair, as families have to regroup and re-establish their lives […]

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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 […]

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Hurricane Harvey: lack of insurance will hit Houston’s recovery

“By Monday, the third straight day of flooding, the aftermath of Hurricane Harvey had left much of the region underwater, and the city of Houston looked like a sea dotted by small islands.  ’This event is unprecedented,’ the National Weather Service tweeted. ‘All impacts are unknown and beyond anything experienced.’” This summary from the New […]

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