If I call a rhinoceros a unicorn, does that mean unicorns then exist? This week we have a guest post from Todd “Ike” Kiefer that argues that this is effectively what the EPA has done in redefining cellulosic biofuels.
Last week softening prices of Brent crude oil, the global benchmark, appeared to be resulting from weaker growth prospects in Europe and Asia, writes Jennifer Warren. This week, the Saudis suggested that market share is preferable to them over the higher prices that other OPEC members such as Venezuela prefer.
Saudi Arabia isn’t happy about losing some of its dominant position as the global price maker for crude. This week Robert Rapier explains that Saudi would like very much to end the current US oil boom.