European Refiners Face Extinction -- A recent Financial Times article by Ed Crooks suggests European refiners are being harmed because US refiners are benefiting from low-cost crude. He is wrong. European refiners, like the dinosaurs, face extinction because they failed to adapt. Read Dr. Verleger’s comment on the Crooks article here.

 

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9/29/2014
103.20
PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
Entering a Period of Transformation (September 29, 2014) -- World oil markets are entering yet another era of transformation. The consequence could be months of price volatility, confusion, and serious dislocations.

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