Globalisation, commodity prices and inflation

Research note originally published in February 2008 when I was working as a market analyst at Sempra Metals. The commodity markets were in the final stages of the super-cycle (which peaked in July 2008) and early stages of a U.S. recession (activity had actually peaked in Dec 2007 but the recession was not yet recognised by most commentators or announced by the U.S. National Bureau of Economic Research until Dec 2008). The note is interesting in retrospect as an example of “real time” analysis around a turning point in the economy and commodity markets:

Recommended reading on energy

The energy bibliography contains the books and articles I have found useful in my own research on energy – defined broadly to include production, consumption, transportation, markets and pricing, but also risk management, technology, elements of economic history and geography, international relations and strategy. The bibliography started out as an aide-memoire and in response to requests for recommendations on particular topics. It has since grown very large so I have introduced an index page with hyperlinking. I update the list every three months with new items. 

The selection is a personal one. These are books and articles I have found most useful and insightful (and well-written in most cases). The latest version contains a lot of new entries about the rise of the coal industry in Britain, including changes in mining technology, transportation, market management, cartels, the economy and society. The expansion of the coal industry provides a lot of lessons about the oil industry in later centuries as well as some of the industries emerging rapidly in the 21st century. 

The latest version can be downloaded here: