To cap or not to cap…

by Phil Baratz There are several situations occurring now that we haven’t seen in a long time (maybe not ever), and they are leading to some questions that need to be addressed – now! Russia/Ukraine Iran/Venezuela Supply shortages Basis Blowouts Empty storage tanks Rising interest rates High Inflation Confusing messages from political leadership Severe backwardation…

Basis Blowouts: Here to stay?

Is a “steady basis” a thing of the past? Will it return to normal? When might it happen? What if my supplier doesn’t offer me a fixed diff? What if I don’t want one? All of these questions are “top of the mind” as we plan for next winter. Visit us at our EEE booth…

Prices spiked (again). Now what should you do?

  On the last day of 2021 the price of WTI crude oil futures closed at $75/bbl.  About 10 weeks later, the price had risen to over $90/bbl., and then just 10 days after that, prices traded over $130/bbl.  In a 10-day period in February, ULSD futures rose from $2.85/gallon to over $4.50/gallon, an increase…

Suspended reality

by Phil Baratz   Though usually not at a loss for words, what has happened in the past week defies logic and almost defies reality – except that it actually happened.  We know the impetus – almost entirely the Russian invasion of Ukraine, along with “supporting actors” of Iranian nuclear talks, supply chain disruptions, interest-rate…