Oil
31 postsThe Biden Administration Can Manage Upside Oil Price Risk While Building a Better SPR
Introduction Oil markets have always been a geopolitical concern. Widening crack spreads (reflecting a tighter market) suggest that the emphasis today may be on the “geo,” rather than...
Celebrating the Administration’s SPR Acquisition
Introduction The Biden Administration has successfully executed a forward contract acquisition for the Strategic Petroleum Reserve. We’re extremely pleased to see the Department of Energy (DOE) successfully...
Secretary Granholm’s Excuses Don’t Add Up - The DOE Should Be Ready To Buy Now To Refill Later
"This year it will be difficult for us to take advantage of this low price…But we will continue to look for that low price into the future....
Airfares Inflation and Refinery Capacity: An Unexpected Link
The Fed is worried about PCE Core Services ex-Housing (CSXHP) because it sees this category as the least likely to see disinflationary progress owing to wage pressures. However—as we have pointed out—CSXHP is composed of...
