Rabah Arezki

Shifting commodity markets in a globalised world

We have tracked developments in energy, metals, and food markets since the early 2000s, when a “commodities super cycle” began. The super cycle was first marked by a decade-long increase in commodity prices, as rapid urbanisation and a strong surge in infra­structure spending, especially in China, boosted demand for nearly all commodities. Then prices began to decline, in part due […]

Fracking has made US manufacturing more competitive

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In the United States, exploitation of shale gas resources through a technology called hydraulic fracturing (‘fracking’) started an energy revolution from the early 2000s onwards.

Fracking is now widely used across several major shale gas ‘plays’ (formations): most importantly, the Marcellus Shale of Pennsylvania, Ohio and West Virginia (see Figure 1). The surge in shale gas production has made […]