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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8/19/2014
105.08
PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
An Economy Constrained by Market Power: Entering an Era of Deflation (August 18, 2014) -- The global and US economies present a very curious picture. Our analysis of several interesting and disturbing trends points to some bleak years ahead.

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