Publications: Notes at the Margin

Venezuela Breakdown: Hoarding Crude May Pay (May 2, 2016)


Three strikes and you’re out. That’s how it goes in baseball, most famously, but also in oil markets of late. Those who follow these markets and opine on prices appear to have just gone down swinging. The market threw three pitches to these individuals over the last week or two. Every pitch was in the strike zone. Every pitch was whiffed.


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