POPULARITY
Just beneath the surface of the global economy, there is a hidden layer of dealmakers for whom war, chaos, and sanctions can be a great business opportunity. Javier Blas and Jack Farchy, the authors of The World for Sale, help us shine a light on the shadowy realm of commodity traders. SOURCES:Javier Blas, opinion columnist at Bloomberg News.Jack Farchy, energy and commodities senior reporter at Bloomberg News. RESOURCES:The World For Sale: Money, Power, and the Traders Who Barter the Earth's Resources, by Javier Blas and Jack Farchy (2021)The King of Oil: The Secret Lives of Marc Rich, by Daniel Ammann (2010). EXTRAS:"How the Supermarket Helped America Win the Cold War (Update)" by Freakonomics Radio (2024)."The First Great American Industry," by Freakonomics Radio (2023).
Natürliche Rohstoffe hat die Schweiz nur wenige – im Handel mit Rohstoffen aber spielt das Land global eine wichtige Rolle. Schätzungsweise bis ein Viertel des weltweiten Rohstoffhandels läuft über Unternehmen mit Sitz in der Schweiz - entwickelt hat sich diese Position bereits im 19. Jahrhundert. Warum genau wurden Schweizer Unternehmen so erfolgreich? Wie ist es zu erklären, dass gerade Krisen wie Kriege dem Geschäft der Schweizer Transithändler Auftrieb gegeben haben? Und wie hat der Rohstoffhandel die Schweiz geprägt? Diesen Fragen geht diese Zeitblende nach. ____________________ Feedback oder Fragen? Wir freuen uns auf Nachrichten an zeitblende@srf.ch ____________________ 00:00 Intro 02:10 Überschüssiges Kapital - die Anfänge des Transithandels 05:00 Informationen sind zentral - und bleiben in der Familie 07:03 Von Krisen profitieren lernen 10:06 Transparenz auf Druck 14:39 Besser vorbereitet auf den Zweiten Weltkrieg 16:34 Gute politische Rahmenbedingungen 20:55 Der Rohstoffhandel prägt die Schweiz - und umgekehrt ____________________ In dieser Episode sind zu hören: · Lea Haller, Historikerin · Nemo Krüger, Historiker ____________________ Links · https://www.srf.ch/audio ____________________ Literatur: Haller, Lea. Transithandel : Geld- und Warenströme im globalen Kapitalismus. Berlin: Suhrkamp, 2019. Blas, Javier, and Jack Farchy. The World for Sale : Money, Power and the Traders Who Barter the Earth's Resources. London: Random House Business, 2021. Zug in der Welt. Wirtschaft im Kontext, https://www.zuginderwelt.ch/ ____________________ Recherche, Produktion und Moderation: Klaus Ammann ____________________ Das ist die «Zeitblende»: Die «Zeitblende» erweckt Geschichte zum Leben: bekannte und unbekannte Ereignisse der Schweizer Geschichte – und grosse Episoden der Weltgeschichte. Wir geben denen das Wort, die Geschichte erlebt und mitgeprägt haben. Zeitzeug:innen schildern ihre teils dramatischen Geschichten, historische Figuren werden wieder lebendig. Die besten Historiker:innen ordnen ein und erklären, wie historische Ereignisse unser heutiges Leben prägen.
E110 The Fifth CourtDSBA Podcast of the YearBrendan Slattery, Head of Environment and Planning, McCann FitzGerald solrs. talks to our interlocutors, Peter Leonard, BL, and Mark Tottenham, BL, about the new Planning Act (all 900 pages of it). As Peter says, what Brendan doesn't know about planning law isn't worth knowing. And, as always, there's a back story. He was once a goat farmer.You'll also hear about Elvis Presley's connections with Wicklow.His choice of book is The World for Sale by Javier Blas & Jack Farchy and for a movie he recommends A Complete Unknown, the movie about Bob Dylan. Hosted on Acast. See acast.com/privacy for more information.
In our third episode we are joined by David Behrends. David has an extensive career in the trading world. His career in coffee began at Dreyfus, followed by a significant 12-year tenure at Noble Group (later Coffco). Eight and a half years ago, he made a pivotal move to Geneva, joining Sucafina, where he currently is Managing Partner and Head of Trading. In addition to his extensive career in the commodities industry, David is also the founder of a startup called Farmer Connect. This venture reflects his commitment to leveraging technology and innovation to create meaningful connections within the agricultural supply chain. We thoroughly enjoyed this conversation and hope you will too. References: Jonathan Kingsman: The New Merchants of Grain: Out of the Shadows Jonathan Kingsman , Wouter Jacobs: Commodity Crops: And The Merchants Who Trade Them Alan G. Futerman , Ivo A. Sarjanovic: Commodities as an Asset Class: Essays on Inflation, the Paradox of Gold and the Impact of Crypto The World For Sale - Book by Jack Farchy and Javier Blas Uncommon Grounds: The History of Coffee and How it Transformed our World - Book by Mark Pendergrast
En "El consulado", Aitor Caminero ha invitado de nuevo al periodista Javier Blas, coautor, junto a Jack Farchy, del libro El mundo está en venta. La cara oculta del negocio de las materias primas (Ed. Península). Escuchar audio
Nuestro poeta, Mario Obrero, ha decidido que "Lo que toca" hoy es hablar de la presencia de los erizos en la poesía. Después, en "El consulado", Aitor Caminero ha invitado de nuevo al periodista Javier Blas, coautor, junto a Jack Farchy, del libro El mundo está en venta. La cara oculta del negocio de las materias primas (Ed. Península). Y ya es miércoles y seguimos descubriendo "La playlist de Maika Makovski". Esta semana, una lista de músicos jóvenes que escriben, producen o graban discos a sus ídolos: Thunder On The Mountain (producida por Jack White) de Wanda Jackson, Don’t Knock (producida por Jeff Tweedy) de Mavis Staples, Gardenia (producida por Josh Homme) de Iggy Pop, Please Forgive My Heart (producida por Damon Albarn) de Bobby Womack, My Friends Have (escrita y producida por PJ Harvey) de Marianne Faithful y The Mercy Eat (producida por Rick Rubin) de Johnny Cash. Escuchar audio
Nuestro poeta, Mario Obrero, ha decidido que "Lo que toca" hoy es hablar de azar. Azar para ir escogiendo libros. Después, en "El consulado", Aitor Caminero ha invitado al periodista económico Javier Blas, coautor, junto a Jack Farchy, del libro El mundo está en venta. La cara oculta del negocio de las materias primas (Ed. Península). Y ya es miércoles y seguimos descubriendo más canciones de "La playlist de Maika Makovski". Esta semana, temas que comparten artistas que se quieren: Jackson (Johnny Cash & June Carter), Bonnie & Clyde (Serge Gainsbourg & Brigitte Bardot), Your Long Journey (Doc Watson Family), Handle With Care (The Traveling Wilburys), Something Stupid (Nancy Sinatra & Frank Sinatra) y Good For Nothing (Marlene Dietrich & Rosemary Clooney). Escuchar audio
The green minerals boom has triggered a new scramble for natural resources across the developing world. From Southeast Asia to Africa, countries rich with raw materials necessary for things like electric vehicle batteries are trying to capitalize on it without falling victim to the “resource curse.” There's a long and inglorious history of commodity-rich economies failing to get rich from their natural wealth. The money pours in from industrialized nations when global demand is high, but when boom turns to bust, they often end up worse than neighboring economies not similarly “blessed.” Those nations are hoping this time could be different. On this episode of Stephanomics, reporter Claire Jiao hears how Indonesia, home to a large chunk of the world's nickel, has led the way by banning the export of processed forms of the metal so vital to the production of EVs. The idea is that instead of exporting its enormous reserves of raw nickel and bauxite, it can turn them into EV batteries, or even EVs themselves, for shipping abroad, thereby kickstarting local manufacturing. So far, it seems to be working. Host Stephanie Flanders then sits down with Jim Cust, senior economist for Africa at the World Bank, and senior reporter Jack Farchy to discuss whether Indonesia has set an example African nations could follow as they look to partake in this new gold rush, and whether pulling it off to the scale will be the exception or the rule.See omnystudio.com/listener for privacy information.
On this episode of the Energy Security Cubed Podcast, Kelly Ogle talks with CGAI Fellow Eric Miller about his recent paper for the Canadian Chamber of Commerce, "Canada and Global Energy Security: The Role of Natural Gas in a Lower Carbon Future". Find Eric's paper here: https://chamber.ca/news/canada-and-global-energy-security-the-role-of-natural-gas-in-a-lower-carbon-future/ Guest Bio: - Eric Miller is a CGAI Fellow, President and CEO of Rideau Potomac Strategy Group, a Global Fellow at the Woodrow Wilson Center, and a Fellow with the Canadian Chamber of Commerce's Future of Business Centre. Host Bio: - Kelly Ogle is the CEO of the Canadian Global Affairs Institute Reading Recommendations - "The First Muslim: The Story of Muhammad", by Lesley Hazleton: https://www.amazon.ca/First-Muslim-Story-Muhammad/dp/1594632308 - "The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources", by Javier Blas and Jack Farchy: https://www.amazon.ca/World-Sale-Javier-Blas/dp/0190078952 Interview recording Date: April 21, 2023 Energy Security Cubed is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. Produced by Joe Calnan. Music credits to Drew Phillips.
Today we're bringing you an episode on chips. No, not potato chips. Kevin has been pitching an episode on the truly fascinating world of chips and semiconductors for quite a while, but our friends at the The Ezra Klein Show got to it first. This week on Hard Fork: Ezra Klein's engrossing conversation with historian Chris Miller. It's a must listen. Thank you to Ezra for beating us in our quest for a great chips episode.We'll be back with our regularly scheduled tech coverage, with Kevin and Casey next week.Additional reading: “The Problem With Everything-Bagel Liberalism” by Ezra KleinBook Recommendations:The World For Sale by Javier Blas and Jack Farchy; Nexus by Jonathan Reed Winkler; Prestige, Manipulation and Coercion by Joseph Torigian
On March 8th 2022, Nickel prices spiked 100% to $100,000 a tonne in a matter of hours, triggering billions of dollars in margin calls and threatening the very existence of the exchange. The LME took the unprecedented, and controversial, step of cancelling all trades made that day. A decision which enraged some but saved the exchange and the shorts, creating a cascade of legal battles continuing to this day (we recorded this episode prior to the UK's FCA announcing an official investigation into misconduct). What started the crisis? Who was Mr Big Shot? What were the events that surrounded the run up in prices and how did it unravel the structure of the LME? Did the LME pose a systemic risk? What has been the fall out? Our guest is Jack Farchy, Senior Correspondent for Commodities at Bloomberg, who takes us through the crisis.
In 2006, venture capitalists poured billions into clean energy technologies during Cleantech 1.0, only to lose half of the investments over the next five years. The climate tech investing space has since rebounded and become one of the most popular investment sectors, and new incentives show an exciting opportunity for extended growth over the next few years.Meera Clark is a principal at Redpoint Ventures, where she is passionate about the climate tech, consumer, and infrastructure sectors. She has been featured in Forbes 30 Under 30 List for Venture Capital, Business Insider's 55 Rising-Star VCs of 2021, and Venture Forward Women. Meera previously worked at Morgan Stanley's Multicultural Innovation Lab, Morgan Stanley's tech investment banking group, and as a principal at Obvious Ventures. In this episode, Catherine and Meera talk about the trajectory of Meera's career, her thoughts on upcoming market shifts in 2023 and 2024, how consumer shifts are affecting businesses, the climate tech investing space, and much more.Topics include:- Her untraditional upbringing and its effect on her career- The importance of a strong support system- Thoughts on the economy and market for the next 12-24 months- Upcoming IPO market shifts- How consumer shifts are offering new opportunities for businesses- The climate tech investing space- Building an all-star cap table- And more…Meera Clark is a principal at Redpoint Ventures. She has been featured in Forbes 30 Under 30 List for Venture Capital, Business Insider's 55 Rising-Star VCs of 2021, and Venture Forward Women. After graduating from Stanford, Meera accelerated her career at Morgan Stanley's Multicultural Innovation Lab and within its tech investment banking group. She later became a principal at Obvious Ventures, where she worked on 12 of the company's 30 investments from its $272 million third fund, sourcing four investments and serving as a board observer for three others. She also serves as a member of the Steering Committee for the Annual Summit of All Raise.Resources Mentioned:The Grid, by Gretchen Bakke: https://www.amazon.com/Grid-Fraying-Between-Americans-Energy-ebook/dp/B01DM9Q6CQ Taming the Sun, by Varun Sivaram: https://www.amazon.com/Taming-Sun-Innovations-Harness-Energy-ebook/dp/B08BT1SM11 The World for Sale, by Javier Blas and Jack Farchy: https://www.amazon.com/World-Sale-Traders-Barter-Resources-ebook/dp/B08TMTG4CT The New Map, by Daniel Yergin: https://www.amazon.com/New-Map-Energy-Climate-Nations-ebook/dp/B084GDG8DG MCJ Collective: https://www.mcjcollective.com/
On this episode of the Energy Security Cubed Podcast, Kelly Ogle talks with Garrett Golding about challenges for the Texas electricity grid, and takeaways for securing the grid for a more electrified future. Guest Bio: - Garrett Golding is a business economist at the Federal Reserve Bank of Dallas Host Bio: - Kelly Ogle is the CEO of the Canadian Global Affairs Institute Reading recommendations: "The World For Sale", by Javier Blas and Jack Farchy: https://www.amazon.ca/World-Sale-Javier-Blas/dp/0190078952 Interview recording Date: February 9, 2023 Energy Security Cubed is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. Produced by Joe Calnan. Music credits to Drew Phillips.
Jennifer Lee, Senior Economist at BMO Capital Markets, joins the program to discuss the Bank of Japan news, the UK narrowly avoiding a recession, and what it means for their central banks. Aneeka Gupta, Director of Macroeconomic Research at WisdomTree, joins the show to discuss the Fed's rate hike path and global economic activity. Hans Dau, CEO at Mitchell Madison Group, joins the program to discuss the recent eco data coming out of China, outlook for its economy, and outlook for emerging markets like China and inflation in the US. Ward Bortz, ETF Portfolio Manager at Angel Oak, joins the program to discuss ETF outlook for the year and how it's performing against the broader market. Jack Farchy, Senior reporter of energy and commodities with Bloomberg News, joins the show to discuss his story about commodity trader Trafigura Group facing huge losses via nickel fraud. Hosted by Matt Miller and Kriti Gupta.See omnystudio.com/listener for privacy information.
For centuries the London Metal Exchange has been the home of global benchmark prices for the world's key industrial metals. But how the LME handled nickel trading in March has put its status as a City of London institution in doubt. Questions are being raised about its structure, ownership and future as lawsuits pile up and market experts forecast a mass exodus of LME members down the road. Bloomberg reporter Jack Farchy joins to unpack the long-term consequences for the exchange. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.
Pertenecen a uno de los mercados más opacos que existen. Las compañías que comercian con materias primas, grandes corporaciones internacionales de las que el público en general conoce poco o casi nada, operan en la sombra respaldando a dictadores, golpes de estado y maniobrando para derrocar gobiernos o para colocar a aquellos cuyos intereses les son más afines. Y para ello, hacen uso del soborno allí donde sea necesario. En ese mercado sin ley han buceado durante años los periodistas de 'Bloomberg' Javier Blas y Jack Farchy y de su investigación ha surgido el libro 'El mundo está en venta' (Editorial Península). +++MÚSICA: 🎧 'Reykjavik'. Infraction. Inaudio https://inaudio.org/track/reykjavik-emotional-trailer/
A rocky pandemic recovery, Russia's invasion of Ukraine, and increasing social and consumer pressure to move away from Russian commodities have led to a spike in oil, natural gas, and even coal prices. For a look at how commodities should be regulated and how policymakers think about energy supplies in a fractious geopolitical environment, host Jason Bordoff spoke with Javier Blas from Bloomberg News. He's a leading energy columnist and commodities expert with a renowned career at top media outlets like the BBC and the Financial Times. He's also the author of a new book: “The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources,” co-authored with senior Bloomberg News reporter Jack Farchy. The pair have been on the show previously to discuss the book in detail, which you can listen to here. They also participated in a recent event with Maria Jelscu Dreyfus, CEO and Founder of Ardinall Investment Management which you can watch here. In this discussion, Javier focuses on the implications of the current war for commodities markets and the global clean energy transition.
In this week's episode, host Daniel Raimi talks with Helima Croft, a managing director and the Head of Global Commodity Strategy and Middle East and North Africa Research at RBC Capital Markets. Croft talks about how the oil market has responded to historical events in the past and how current events have been influencing the oil market today. Croft and Raimi's conversation ranges from Russia to Europe to China to Saudi Arabia to Texas and beyond. They discuss how the Organization of the Petroleum Exporting Countries (OPEC), Ukraine, and the US government have responded to recent high oil prices; the implications of sanctions on Russian oil and gas; and how the perception of Russian sanctions may vary across the international energy sector. References and recommendations: “The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources” by Javier Blas and Jack Farchy; https://global.oup.com/academic/product/the-world-for-sale-9780190078959 “Syriana” the movie; https://www.imdb.com/title/tt0365737/ “Crude Volatility: The History and the Future of Boom-Bust Oil Prices” by Robert McNally; http://cup.columbia.edu/book/crude-volatility/9780231178143
Russia's invasion of Ukraine has laid bare the West's reliance on Russian oil and gas. Around 40 per cent of Europe's gas comes from Russia, while some 7 per cent of US oil is Russian. Journalists Javier Blas and Jack Farchy's new book, The World for Sale: Money, Power and the Traders Who Barter the Earth's Resources, tells the story of how trading commodities such as these has shaped the global financial landscape and why we find ourselves in a pivotal moment in which geopolitical and economic relationships are being tested. Investigative journalist and Manveen Rana speaks with Javier and Jack about the book and its wider themes. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode of the Energy Security Cubed Podcast, Kelly Ogle speaks with Dr. Thierry Bros about threats to European gas supplies and the need to gain more independence from Russia. Guest Bio: - Dr. Thierry Bros is a Professor at Sciences Po Paris. You can find him on Twitter @thierry_bros. Host Bio: - Kelly Ogle is the CEO of the Canadian Global Affairs Institute What is Thierry reading? The World for Sale by Javier Blas and Jack Farchy, https://www.amazon.ca/World-Sale-Javier-Blas/dp/0190078952 Chronique énergétiques (Energy Chronicles) by Greg de Temmerman, https://www.editions-labutineuse.com/en/product/energy-chronicles/ Recording Date: February 7, 2022 Energy Security3 is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. Produced by Joseph Calnan. Music credits to Drew Phillips.
The Financial Times called it one of the best books of 2021. The World for Sale is an eye-opening dive into one of the most secretive and powerful business sectors in the world: commodity trading.Commodity traders pull the invisible strings that move natural resources around the world. Their dealings have long been kept in the shadows, but the industry is now being forced into the daylight. We are joined by Jack Farchy, Bloomberg journalist and one of the authors of the book.***Highgrade Media is a not-for-profit organisation that produces interviews and documentaries that identify, capture and disseminate analysis and insights in the field of natural resources and social progress.Our mission is to provide open and free access to specialist knowledge and to disseminate good practice and innovation in this field. See www.highgrade.media for our portfolio of published material.With support from the German Federal Ministry for Economic Cooperation and Development, through BGR.
The modern world is built on commodities - from the oil that fuels our cars to the metals that power our smartphones. We rarely stop to consider where they come from. But we should. In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources. It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade, and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres. And it is the story of how some traders acquired untold political power, right under the noses of Western regulators and politicians - helping Saddam Hussein to sell his oil, fuelling the Libyan rebel army during the Arab Spring, and funnelling cash to Vladimir Putin's Kremlin in spite of strict sanctions. The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works. --- Send in a voice message: https://anchor.fm/pbliving/message Support this podcast: https://anchor.fm/pbliving/support
In this week's episode: with the energy crisis picking up pace who are set to be the winners and losers in this cold war for gas? Domestically we are seeing queues for petrol, rising gas prices all in the face of the Government's net-zero agenda. And internationally things are looking just as turbulent, with China buying up as much fuel as possible, America becoming more isolationist when it comes to its energy supply, and Russia feeling more powerful in its place thanks to its Nord Stream 2 pipeline. These are the issues that Seb Kennedy addresses in his cover piece this week for The Spectator. He speaks about his findings on the podcast along with Senior Reporter for Energy and Commodities for Bloomberg and co-author of The World for Sale, Jack Farchy. (00:50) Also this week: can the police reform with Cressida Dick still in charge? Leroy Logan writes in this week's Spectator that if the Met and police are to reform its subculture of racism and misogyny it can't be done with Cressida Dick still at the helm. He is joined on the podcast by Sharon Haye, a former officer and policing advocate. (14:06) And finally: what is the future for British butchery? Olivia Potts is learning butchery. And in this week's Spectator, she writes about her experiences as well as the state of the industry in the UK today. Nigel Jarvis is a fourth-generation butcher who has just retired after an unexpected boom in custom during lockdown. (28:52) Hosted by Lara Prendergast Produced by Sam Holmes
In this week's episode: with the energy crisis picking up pace who are set to be the winners and losers in this cold war for gas? Domestically we are seeing queues for petrol, rising gas prices all in the face of the Government's net-zero agenda. And internationally things are looking just as turbulent, with China buying up as much fuel as possible, America becoming more isolationist when it comes to its energy supply, and Russia feeling more powerful in its place thanks to its Nord Stream 2 pipeline. These are the issues that Seb Kennedy addresses in his cover piece this week for The Spectator. He speaks about his findings on the podcast along with Senior Reporter for Energy and Commodities for Bloomberg and co-author of The World for Sale, Jack Farchy. (00:50) Also this week: can the police reform with Cressida Dick still in charge? Leroy Logan writes in this week's Spectator that if the Met and police are to reform its subculture of racism and misogyny it can't be done with Cressida Dick still at the helm. He is joined on the podcast by Sharon Haye, a former officer and policing advocate. (14:06) And finally: what is the future for British butchery? Olivia Potts is learning butchery. And in this week's Spectator, she writes about her experiences as well as the state of the industry in the UK today. Nigel Jarvis is a fourth-generation butcher who has just retired after an unexpected boom in custom during lockdown. (28:52) Hosted by Lara Prendergast Produced by Sam Holmes
In this episode of The Global Exchange, Colin Robertson speaks to Stewart Beck as he reflects on his career as a diplomat and his work as president of the Asia-Pacific Foundation R & R: The World for Sale: Money, Power and the Traders Who Barter the Earth's Resources by Javier Blas and Jack Farchy – https://www.penguin.co.uk/books/111/1118404/the-world-for-sale/9781847942654.html Fauda, https://www.netflix.com/ca/title/80113612 Related Content: Coping with China's Rise – A Role for Canada? https://www.cgai.ca/coping_with_chinas_rise_a_role_for_canada Canada-China relations after court decision against Meng Wanzhou https://www.cgai.ca/canada_china_relations_after_court_descision_against_meng_wanzhou A Free and Open Indo-Pacific? https://www.cgai.ca/a_free_and_open_indo_pacific Participants Bio: Stewart Beck is the President and CEO of the Asia Pacific Foundation of Canada. Prior to joining APF Canada, Mr. Beck served as the Canadian High Commissioner to the Republic of India with concurrent accreditation to the Kingdom of Bhutan and to Nepal. He joined Canada's Department of External Affairs and International Trade (now Global Affairs Canada) in 1982 and served abroad in the United States, Taiwan, and the People's Republic of China. In Ottawa, he held a number of progressively more senior positions, including Director General of the North Asia Bureau, Director General Responsible for Senior Management and Rotational Assignments, and Assistant Deputy Minister for International Business Development, Investment, and Innovation. He was Consul General in Shanghai and prior to his posting to India, he was Consul General in San Francisco. Host bio: Colin Robertson is a former diplomat, and Vice President of the Canadian Global Affairs Institute, https://www.cgai.ca/colin_robertson Recording Date: 5 August 2021. Give 'The Global Exchange' a review on Apple Podcast! Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on Linkedin. Head over to our website www.cgai.ca for more commentary. Produced by Charlotte Duval-Lantoine. Music credits to Drew Phillips.
Todd Buchholz welcomes Bloomberg's Javier Blas and Jack Farchy, Co-authors of ‘The World for Sale', to Smarter Markets for the latest instalment in our series ‘An Emerging Energy Framework for the 22nd-Century'.
On this episode, Kelly Ogle is joined by Adam Sieminski to discuss oil supply and demand, Saudi Arabia's role in energy stability, and the four R's of a circular carbon economy - Reduce, Reuse, Recycle, and Remove. Participant Bio: - Adam Sieminski is the President of the King Abdullah Petroleum Studies and Research Centre (KAPSARC) in Riyadh, Saudi Arabia Host Bio: - Kelly Ogle (host) is the President and CEO of the Canadian Global Affairs Institute (www.cgai.ca/staff#Ogle) What is Adam reading? Javier Blas and Jack Farchy, "The World for Sale: Money, Power, and the Traders who Barter the Earth's Resources". https://www.goodreads.com/book/show/52199304-the-world-for-sale David Rundell, "Vision or Mirage: Saudi Arabia at a Crossroads". https://www.goodreads.com/book/show/49672381-vision-or-mirage Recording Date: 23 June 2021 Energy Security Cubed is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. Produced by Joe Calnan. Music credits to Drew Phillips.
This week's long-form episode of Mining Stock Daily welcomes co-author Jack Farchy of the newly published book, "World for Sale." Jack shares some of the highlights in researching and writing the book. We discuss how his research helped establish the fundamentals behind this current commodity market. "The World for Sale" can be purchased here: smarturl.it/lwefbl We then turn to TG Macro's Tony Greer for an in-depth look at his strategy trading this commodity market. From gold, metals, and miners, all the way to agriculture and grains, Tony shares his insights into this cycle and why he feels the move is still very early. We'd like to thank our sponsors: Integra Resources is advancing the past-producing DeLamar Project in southwestern Idaho. The Company has continued to demonstrate resource growth and conversion through greenfield and brownfield exploration and plans on delivering a pre-feasibility study in Q4 2021 to further de-risk and advance the project towards permitting. Integra Resources trades on the TSX-V under ITR and the NYSE American under ITRG. Corvus Gold is a North American gold exploration and development company, focused on its near-term gold-silver mining projects in southwestern Nevada. The Company holds a commanding land position within the Bullfrog Mining District. Neighbouring, adjacent projects controlled by AngloGold Ashanti, Kinross Gold and Coeur Mining highlight this active District. The two 100% owned North Bullfrog & Mother Lode projects have a combined nearly 4-Million oz gold of in-pit resource and continues to grow with an on-going, successful, resource expansion drill program. Corvus trades on the TSX and the Nasdaq with the symbol KOR. Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. Rio-2 is advancing the Fenix Gold Project in Chile, the largest undeveloped gold heap leach project in the Americas. Fenix consists of 5 million ounces in the measured and indicated resource category and 1.4 million ounces in the inferred resource category. With a robust PFS in place, Fenix is set up for fast-tracked construction and production. You can find a list of project and company information on their website, rio2.com.
In the latest podcast of the series, I speak with the authors of the recent bestseller, ‘The World For Sale', about their drivers for writing this tour de force of a book and their views on all sorts of topics, having now had the privilege of speaking to a huge number of commodity traders as part of their research. Many thanks to Javier Blas and Jack Farchy who, despite being the talk of the town at the moment, found time to sit down with me as part of our Linkedin Live session, the highlights of which you can listen to here.
Global crises cause big changes and reveal deep structural weaknesses. In this special interview series from the RSA its chief executive, Matthew Taylor, puts a range of practitioners on the spot - from scholars to business leaders, politicians to journalists - by asking for one big idea to help build effective bridges to our new future.Jack Farchy and Javier Blas are the authors of The World For Sale. A Tempo & Talker production for the RSA. In this time of global change, strong communities and initiatives that bring people together are more invaluable than ever before. The RSA Fellowship is a global network of problem solvers. We invite you to join our community today to stay connected, inspired and motivated in the months ahead. You can learn more about the Fellowship or start an application by clicking here.
This week, Bloomberg energy and commodity reporters Javier Blas and Jack Farchy join Ben Cahill (CSIS) for a discussion of their new book, The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources. Their discussion focuses on the influential role that commodity traders have played in global oil markets over the past four decades and looks ahead to how the commodities business may need to respond to new demands of the global energy economy.
Every piece of our modern life--from the coffee you may have had this morning, to the phone or laptop on which you are listening to this podcast, to the energy that charged it up--is built on the global flow of commodities. Coal, oil, metals, and much more. We don’t give much thought to where they come from or at what cost. But underlying today’s global economy is the secretive world of commodity trading, controlled for decades by a small number of firms led by a handful of billionaires. In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Javier Blas and Jack Farchy, two Bloomberg reporters with decades of experience between them covering energy and commodities, and the authors of the new book The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources. In The World for Sale, Javier and Jack pull back the curtain on the shadowy world of commodity trading to reveal wild tales of adventure and financial booms, as well as corruption, bribery, and unethical behavior. They show how a small number of commodity trading firms most people have never heard of have shaped global trade, the environment, and the course of geopolitics. Javier Blas is the Chief Energy Correspondent of Bloomberg. He was previously the Financial Times’ commodities editor and a reporter with the Spanish business daily, Expansion. Jack Farchy is a Senior Reporter on Energy and Commodities at Bloomberg. He formerly worked as the Moscow and Central Asia Correspondent, and a Commodity Markets Reporter, for the Financial Times.
The World For Sale, interview with authors Javier Blas and Jack FarchyInspiration for the book? People know very little about who these commodity traders are. After 20 years covering the industry, decided to write the book about these people themselves. Tell the story of how a few commodity trading houses moved commodities and became influential in the market.Technology- today you couldn’t do what the commodity traders were doing in South Africa with oil because of satellite tracking. Traders won’t take these risks because they know people are watching. Reaction has been pretty good from industry but not entirely so. In general, reviews consider book fair to industry.Oil companies themselves are seeing the benefits of getting into oil trading - especially Aramco and Adnoc. Why should they leave money on the table when they can make money? Not clear whether the national oil companies have the risk appetite that the trading houses do.Concerns about disproportionate influence of China in trading market - Western commodities traders say Chinese traders are willing to take risks even they aren’t. Willing to operate in places western traders can’t or won’t go. Only traders left to interact with Iran are Chinese.Saudi crude exports normal following missile attackshttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/030821-saudi-crude-exports-normal-following-missile-attacksBrent falls below $70 after Saudi attack as inflation worries mounthttps://www.reuters.com/article/us-global-oil/oil-slips-after-hitting-pandemic-high-above-70-after-saudi-attack-idUSKBN2B001JIs there a risk premium baked into oil prices? Saudi Arabia Is Playing Chicken With U.S. Shalehttps://www.bloomberg.com/opinion/articles/2021-03-07/u-s-oil-rally-saudi-arabia-plays-chicken-with-shale-as-prices-riseOPEC+ Surprise Sends Oil Past Gulf Budget-Balancing Levelshttps://www.yahoo.com/now/opec-surprise-sees-oil-soar-113001476.htmlIs “Drill baby drill” really over? Does that mean we have to get 13 million bpd? Would 12 mbpd suffice?
In this episode, Javier Blas and Jack Farchy join us to talk about their new book, The World for Sale. The book spans the history of the rise of the independent commodity traders, their phenomenal success, and their impact on the modern world. Our guests walk us through the big themes in the book, the events and participants in the last commodity super cycle, and the challenges that lie ahead for these global actors in the next one.To find out more about HC and our talent advisory services in the energy & commodities sector visit www.hcinsider.comTo connect with our host Paul Chapman, you can find him at www.linkedin.com/in/paulchapmanhc/
Ben Hunt, Chief Investment Strategist for Salient Partners, on what is happening in the market, and relationship of inflation and interest rates.John Hultquist, Director of Intelligence Analysis for FireEye, on their new report that says North Korea is poised to launch a large scale cyber-attack.Jack Farchy, Senior energy and commodities reporter for Bloomberg, on Apple in talks to buy long-term supplies of cobalt directly from miners for the first time.Brad Hunter, Chief Economist at HomeAdvisor, on home sales and how rate hikes will impact the housing market.
China’s president Xi Jinping has made building a new Silk Road from east Asia to the Middle East and Europe his signature foreign policy. If he succeeds, the Caspian region could once again be at the heart of world trade. The FT’s Jack Farchy reports from the port of Baku in Azerbaijan. Picture credit: Dreamstime See acast.com/privacy for privacy and opt-out information.
Igor Zyuzin's Mechel mining and metals group has debts of over $7bn and state-owned creditors are pursuing it, but amid Russia's economic woes the Kremlin cannot afford to let it collapse, Courtney Weaver and Jack Farchy introduce a corporate Houdini See acast.com/privacy for privacy and opt-out information.
Jack Farchy explains why we should worry about who will succeed the presidents of Uzbekistan and Kazakhstan, two septuagenarian strongmen who have ruled their central Asian countries since the break-up of the Soviet Union See acast.com/privacy for privacy and opt-out information.
The War in Ukraine, the rising tensions between Russia and the West, Vladimir Putin's objectives, and how ordinary Russians and Russia's other neighbouring states see the conflict. Neil Buckley, the FT's eastern Europe editor and Jack Farchy, Moscow correspondent, join Gideon Rachman. See acast.com/privacy for privacy and opt-out information.