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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9/16/2014
100.58
PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
Sleepwalkers Can Ruin Markets (September 15, 2014) -- Sleepwalkers (speculative crude oil inventory holders) are about to create real problems.

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