Our View

Did China Sucker Trump, Navarro, and Lighthizer?


The USMAC trade agreement references "market prices" but says nothing about price manipulation. China is now manipulating energy prices. Will US producers lose? For on this, read Dr. Verleger's "China: The New Price Stabilizer."

Graph of the Week/IMO 2020 Watch™

Our GOTW compares days of supply coverage for China and the rest of the world. See the 12/14 Notes at the Margin for more on this.


To view the latest IMO 2020 Watch™, click here.

Frackers as a Force for Stability; IMO 2020 Transition: Smooth? (January 20, 2020) -- Fracking activity has become a force for price stabilization; the data refute the WSJ's claim that the IMO transition will be smooth.

More >>