When I published a working paper in 1992 at MIT called “The Fog of Commerce: The Failure of Long-Term Oil Market Forecasting,” many thought the lesson was that forecasting the long-term price of oil ...

The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil ...

Oil price lessons from 1983 Crude oil prices dropped precipitously in the latter part of 2014, raising challenging questions about where they might go in 2015. Undershooting well below a mythical ...

Every cloud has a silver lining and, while the avian flu epidemic hurts all consumers and many producers, it has teachers of introductory economics chortling in delight. Examples of real-world ...

Recently, the U.S. Energy Information Administration posted a revealing graph that could be interpreted as suggesting that efforts to prevent high carbon prices in the Regional Greenhouse Gas ...