Our View

The Disruption: A Diesel/Natural Gas Story

Every energy crisis has unique features, and in every episode the uniqueness is ignored. Click here to read more.

It Ain't Heavy; It's My Crude Oil

The return of heavy sour Venezuean crude to the world market poses challenges for US producers. See the January 12 Notes at the Margin for more on this.

Not Prepared (March 2, 2026) -- The oil industry was caught unprepared for the US/Israeli attack on Iran. Oil prices will head sharply higher unless Iran surrenders immediately.

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