Bye-bye WTI? Local conditions may sink global oil price benchmark

Michael Giberson Via email a reader asks about the divergence between two international oil price benchmarks – Brent and West Texas Intermediate (WTI). At EnergyBurrito, Matt Smith explains the once-reliable, now rocky relationship between Brent and WTI in “WTI and Brent Crude Oil Through Steve Carell and Ricky Gervais.” Gervais played district manager David Brent … More Bye-bye WTI? Local conditions may sink global oil price benchmark

Calling the next bubble: is there currently a “dollar-led asset bubble”?

Michael Giberson The list of people who agreed, after the fact, that yes there was a {internet company | real estate | … | tulip bulb} price bubble is frequently longer than the list of people who publicly announce a bubble in unequivocal terms in advance of a crash.  But here you have someone willing … More Calling the next bubble: is there currently a “dollar-led asset bubble”?

Why are gasoline prices so high? (February 2009 version).

Michael Giberson So low, and yet so high. It seems to be the way consumers feel about gasoline prices these days.  Yes, prices are down compared to a year ago, but everyone knows that crude oil prices have been going down lately while gasoline prices are up from their December 2008 lows. From The Mercury … More Why are gasoline prices so high? (February 2009 version).