Patrick Reames - Author Archive

Looking Back on the Year at Commodity Technology Advisory

As we are nearing the end of 2013, it seems a good time to do a bit of reflection… First of all, I want to send out a heart-felt “Thank You!” to all of our friends and colleagues who have supported the launch and growth of Commodity Technology Advisory. Without... continue reading

A Buyer’s Market?

2013 CTRM market results indicate it’s increasingly a buyer’s market By Patrick Reames – Managing Director When ComTech Advisory released our 2013 CTRM Global Market Size Report a couple of months ago, we were forecasting that market revenues in 2013 would show virtually no growth over 2012. Now that we... continue reading

Commodity traders step up investments as prices decline -Trafigura

From Reuters, Dec 15, 2013 By Dmitry Zhdannikov The golden era for commodities is far from over and declines in previously overheated prices offer opportunities for trading houses to extend ownership of assets while still betting on continued growth in China and Africa, top player Trafigura said. In its first... continue reading

European Lawmakers Vote to Support Carbon Trading

The New York Times By STANLEY REED LONDON — Lawmakers at the European Parliament on Tuesday approved a rescue plan for the European Union’s system for trading carbon-emission credits. Their hope is to revive prices for carbon credits, which have been so low that the system is creating few incentives... continue reading

Open Season on Eagles – The Hypocrisy of this Administration is Stunning

In the summer of 2011, the U.S. Department of Justice brought criminal indictments against three oil companies operating in the Bakken shale region of North Dakota. Those companies, Brigham Oil & Gas, Newfield Production, and Continental Resources were charged with violating the Migratory Bird Treaty Act. Their crimes?  As reported... continue reading

As rivals fade, Goldman Sachs stands firm on commodities

From and Reuters Just over three decades ago, Goldman Sachs bought a niche coffee-and-gold trading firm called J. Aron & Company, becoming one of the first banks to enter the commodity markets. A year from now, the Wall Street giant may be one of the last ones standing as... continue reading

ComTech Videos and Working with YouTube

As visitors to this site now know, Gary and I were recently in London and conducted a number of video interviews with CTRM executives.  While these interviews are not necessarily easy to produce, we do think they provide valuable information and insights into the current state of CTRM solution providers,... continue reading

Volcker Rule Set for Vote Next Week

Dealbook – New York Times By BEN PROTESS Federal regulators have reached a tentative agreement to finalize a rule aimed at Wall Street risk-taking, federal officials said on Tuesday, overcoming internal squabbling and an onslaught of Wall Street lobbying that stymied them for years. Five federal agencies plan to approve... continue reading

Ecom to buy Armajaro’s commodity trading operations

By Marcy Nicholson, Nov 11 (Reuters) – Swiss commodity trader Ecom Agroindustrial Corp Ltd has struck a deal to buy London-based Armajaro Holdings Ltd’s commodity trading operations, creating one of the world’s biggest cocoa and coffee traders. The deal, announced by Ecom on Monday, follows months of negotiations, a source... continue reading

Meet the future leaders of CTRM at the University of Houston

The ISACA student group at the University of Houston is hosting a mixer event for industry professionals and students of the university’s Energy Trading and Risk Management Systems course from 11am to 3pm on December 7th.  The event, titled CommodityFuture, offers CTRM industry professionals the opportunity to meet with students... continue reading

Bart Chilton, CFTC’s hippie poet, is riding into the sunset

Bart Chilton, undoubtedly the most polarizing figure in the CFTC, has just announced that he’s done.  After this morning’s 3-1 vote by the CFTC commissioners  to again impose “speculative” position limits on commodity traders (after the last attempt was shot down by the U.S. District Court of the District of... continue reading

CFTC Tries Again on Commodities Trading Curbs

Wall Street Journal By Andrew Ackerman Nov. 5, 2013 11:58 a.m. ET WASHINGTON—Regulators proposed a new set of limits for large traders of commodities such as oil, gold and sugar, a year after a federal court tossed out an earlier set of rules. The Commodity Futures Trading Commission voted 3-1... continue reading

Shale gas fracking a low risk to public health -UK review

(Reuters) By Kate Kelland LONDON | Thu Oct 31, 2013 11:37am EDT The risks to public health from emissions caused by fracking for shale oil and gas are low as long as operations are properly run and regulated, the British government’s health agency said on Thursday. Public Health England (PHE)... continue reading

Commodity financing in Asia bright spot for banks amid cutbacks

LONDON, Oct 29 (Reuters) – Booming commodity trade financing in Asia is a rare bright spot for Western banks, forced to withdraw from other areas of commodities due to tougher regulation and capital constraints. Commodity revenue for banks has shrunk dramatically in recent years and in the first half of... continue reading

Analysis – Before the flood: Preview of a U.S. market drowning in oil

Reuters UK Edition By Jonathan Leff and Matthew Robinson NEW YORK | Mon Oct 28, 2013 3:40pm GMT The U.S. oil market is getting its first real taste of a remarkable phenomenon that may soon become a permanent reality: an excess of light sweet crude oil. With a swath of... continue reading

America’s oil surge leaving Alaska in the dust, By Dan Springer, Published October 27, 2013 America’s oil boom has the Texas tea flowing, whole new towns being built in North Dakota and, for the first time in decades, the U.S. producing more crude than it imports. But Alaska, a state known for its vast oil resources and... continue reading