Although it’s debatable whether transforming a percentage of the U.S. corn crop into ethanol is responsible for recent hikes in global food prices, even the most enthusiastic industry supporter must admit that, in the long run, domestically-produced ethanol is not a viable substitute for 100% of the crude oil currently being imported.
Ethanol proponents . . . → Read More: Why Ethanol Alone Won’t Solve U.S. Energy Problems
This article follows up on an earlier article on how to price your products in such a way that people end up paying the maximum amount that they are willing to pay for it, instead of paying only what is mentioned on the price, or not buying it at all. . . . → Read More: How to Get People to Buy What They Don’t Want
Global oil markets are sensitive to weekly reports of U.S. oil inventory levels. Prices often move up when large falls are reported and down when inventories build – particularly when the data surprises the market. Each Wednesday, the U.S. Energy Information Administration (EIA) publishes its report on oil inventories. Unexpected . . . → Read More: CFTC Initiates Wide Probe into False Oil Inventory Reports