Crude Oil Update

Still seems to me that the idea that WTI appreciates to Brent as the Strategic Petroleum Reserve release winds down over the next few weeks is playing out as previously discussed. The WTI discount depends on a serious glut condition persisting, and the wind down of the approx 3.8 million barrels a week being delivered […]

More on ‘now vs the 70’s’

Comments people emailed me and my responses: Bob Hart wrote: This graph supports your statement below: Prices fell from a high of maybe $40 per barrel to the $10-15 range for the next two decades Thanks! “So, there is nothing the US can do to keep core inflation in check? Only the Saudis (and […]