The Rise of Petro-Exuberance -- Former Federal Reserve chairman Alan Greenspan coined the phrase "irrational exuberance" in 1996. He worried that dot-com assets were overvalued. Four years later, the bubble burst, confirming his concerns. Presently we are observing the last gasps of irrational exuberance in petroleum. Call it "petro-exuberance." Read more here.

PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
Drowning in Oil: The ETF Complication (April 13, 2015) -- Money flowing from investors to oil hedgers continues to stimulate US production, denying Middle East producers the decline in non-OPEC output they hoped to achieve.

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