Our View

Financial Contagion in a Restructured Oil Market

There was a time when banks were irrelevant to oil markets but that economic world vanished more than 40 years ago. To their detriment, oil ministers and US oil company executives seem ignorant of the change. Read more.

The Oil Market Impact of Contagion

Oil producers and executives seem not to have figured out the oil market impact of contagion shown in our graph. See Our View for more on this.

Petro Ostriches and Financial Contagion (March 20, 2023) -- While the primary Merriam-Webster definition for “ostrich” is “swift-footed flightless bird,” an alternative meaning reads, “One who attempts to avoid danger or difficulty by refusing to face it.”

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