Why Oil Always Surprises Us

“An Oracle of Oil Predicts $200-a-Barrel Crude” The headline was in the NY Times on May 21, 2008. Because the prediction came from a Goldman Sachs analyst who had been right about $100 a barrel oil when no one thought that…

What Ever Happened to Ethanol?

Challenged by the power of the market, the 2007 mandate from the Congress to encourage biofuel use has created an ethanol glut.

Two Words That Tell Us All We Need To Know About Oil

To grasp world oil markets, we can look at supply and demand for WTI in the U.S. and Brent for the world as price and quality benchmarks.