Publications: Papers
The Likely Impact of the First Excellent Futures Contract for Internationally Traded Crude Oil (March 2021)
Traders, economists, and commodity exchange executives have struggled for more than a century to create a high-quality energy futures contract. In the process, they have encountered, for several reasons, far more significant problems with crude oil, natural gas, and electricity contracts than for other commodity futures.
Take crude oil, for example. The absence of a top-quality futures contract for delivering crude in international markets has denied consumers the economic benefits that come with perfect contracts, e.g., crude oil markets have remained uncompetitive, and producers have enjoyed higher prices than would otherwise prevail.
The ICE Murban futures contract (labeled the ICE Futures Abu Dhabi, or IFAD, contract) will probably resolve this issue.
- Papers
- America's Energy Path Forward (TIE, Fall...
- Are Oil Futures Dying? (WEO, December 10...
- Accelerating Net-Zero Goals (January 14,...
- SPR Provides Antidote to Financial Conta...
- Striking Diesel/Jet Fuel Shortages Are C...
- Economic Energy Cancer (TIE, Summer 2022...
- Did Yellen Break OPEC? (TIE, Winter 2023...
- On the Eve of Destruction (TIE, Spring 2...
- America's Energy Path Forward (The Inter...
- This Time Is Different (TIE, Fall 2021)
- This Time Is Different (WEO, October 14,...
- Likely Impact of ICE Futures Abu Dhabi C...
- At the Speed of Light (TIE, Spring 2021)
- A Strategy for Stabilizing Oil Prices (T...
- The Implications of Oil's Surprising Col...
- Renewable Fuel Standard Program: Measuri...
- The 2019 Economic Downturn (TIE, Fall 20...
- The Death of Resource Constraints (Janua...
- Brent Is Dated (February 2018)
- Surviving Big Oil's Collapse (TIE, Fall ...
- Border Adjustment Import Taxation (Decem...
- America's Wage Problem (Fall 2014)
- Gathering Storm II (Fall 2015)
- QE and Oil Prices (Spring 2015)
- Oil Markets on the Brink (Fall 2014)
- Understanding California's Global Warmin...
- Analysis of Recent CFTC Position Limit P...
- The Renewable Fuel Standard: How Markets...
- The End of the Oil Crisis (The Internati...
- What Are the Chances the United States B...
- Impact of a Middle East Oil Export Disru...
- Decline in US Gasoline Consumption Accel...
- The Amazing Tale of US Energy Independen...
- Regulating Oil Prices to Infinity (Augus...
- Exercises in Random Numbers (March 12, 2...
- Using US Strategic Reserves to Moderate ...
- Alternative Eurozone Bailout (The Intern...
- Strengthening Sanctions on Iran with Str...
- Rising Crude Oil Prices: The Link to Env...
- The Keystone XL Pipeline: OPEC’s Troja...
- Blundering to $300 per Barrel (The Inter...
- Forty Years of Folly: The Failure of US ...
- Don’t Kill the Oil Speculators: How Co...
- The Global Recovery’s Soft Underbelly:...
- Explaining the 2008 Crude Oil Price Rise
- The Oil-Dollar Link: The Fed, Hedge Fund...