The US Will Become the World’s Oil Supplier of Last Resort -- The May 2013 Petroleum Economics Monthly discusses the implications of the change in the economic geography of global oil markets. One conclusion is the US can become the petroleum lender of last resort or the “Federal Reserve of Oil.” Read more here.
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PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
Optionality: Twenty-First Century Economic Theory and Practice vs. Nineteenth-Century Thinking (June 17, 2013) -- Many -- if not most -- of the approaches applied to economic problems three decades ago are obsolete at best and just plain wrong at worst. More >>