One of the most puzzling aspects of oil market analysis (and policy making more generally) concerns the frequent tendency to assume that short-term and transient developments represent the ‘new normal’ or a phase change. Neo-Malthusians tend to argue that permanent global starvation has set in every time there’s a bad harvest, and when an oil […]

U.S. Consumer Product Safety Commission (CPSC) Commissioner Richard Trumka, Jr., referred to indoor … [+] air pollutants from gas stoves as “a hidden hazard.” (Photo: Getty) getty Well, that lit a fire rather quickly. A January 9 article by Ari Natter for Bloomberg quoted U.S. Consumer Product Safety Commission (CPSC) Commissioner Richard Trumka, Jr., as […]

Two girlfriends hanging out in urban apartment getty What are we all to make of this week’s controversy over an alleged intention by the Biden administration’s Consumer Product Safety Commission to formulate regulations that might end up banning future sales of natural gas stoves and cooktops? Was it, as some now contend, much ado about […]

Oil exploration platform passes through Dardanelles Strait Turkey in 2020 headed to Port of … [+] Cartagena. Anadolu Agency via Getty Images The pandemic of 2020-2021, the recovery in 2021, and the Russian war on Ukraine in 2022, have destabilized the oil and gas industry tremendously. Out of this chaos, what will 2023 bring? One […]