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"China is the largest consumer market in the world," said Tamara White, director of commodities at the Illinois Farm Bureau.
He has been lined up as senior independent director of commodities group Glencore in its $60bn flotation.
"By any economic measure, we still have much more downside for oil prices," said Adam J. Robinson, director of commodities at Armored Wolf, a California hedge fund.
After his departure, he remained a member of the board on BP's Russian joint venture TNK-BP and later became senior independent director of commodities trader Glencore, which listed in London last month.
Kevin Norrish, director of commodities research at Barclays Capital, says there has been a surge of issuance in structured products, investment vehicles that deliver a return tied to specific commodity prices.
As far as commodities outside the oil patch, "the critical thing next year is going to be the answer of whether we have a hard or a soft landing," said Steve Strongin, director of commodities research at Goldman , Sachs & Company
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Mrs. Rona, 36, works in New York as a director of commodity sales with BNP Paribas, the French bank.
After 2000, there was a significant shift in sentiment regarding the equity markets, said Heather Shemilt, managing director of commodity marketing at Goldman Sachs.
Jim Steel, director of commodity research at Refco in New York, said, "The market reacted vigorously to the Iraqi pipeline problem and Yukos".
'While the New York and London markets set a day-to-day price, the actual basis on which coffee is traded is quality,' explains Annemieke Wijn, senior director of commodity sustainability at Kraft.
Requiring end users "to post margin to its counterparties would have a serious impact on our ability to invest in and grow our businesses," Craig Reiners, the director of commodity risk management for the brewer MillerCoors, said in prepared testimony before the committee.
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