Our View

PES Bankruptcy Not Caused by RFS Program


In this letter to Senator Checuk Grassley, Dr. Verleger argues that the PES assertion that its financial troubles came from the Renewable Fuel Standard program requirements is incorrect. Read the letter here.

Price Curves for Three Crudes

Forward price curves for WTI Cushing, WTI Houston, and Brent. Click on graph to enlarge it.

Divergence: Whither Crude Prices? (March 19, 2018) -- Cash crude prices sank early last week as traders unloaded futures. Meanwhile, BP Prudhoe Bay Royalty Trust share prices rose steadily for the entire week. The divergence is striking.

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