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  • Who Collects the Oil Gap

    Who Collects the Oil Gap
    2026/10/26

    In mid-October a barrel of Brent crude for future delivery cost about $107, while a physical cargo of North Sea crude cost $134, according to the International Energy Agency’s October report. This episode asks who collects the money in each gap between that headline price and the diesel pump during the war with Iran, and who pays. For more, read my essay at www.wernermouton.com.

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    11 分
  • France and the Bond Market

    France and the Bond Market
    2026/10/24

    France’s ten-year bond yield rose above five percent on October 22, its highest since 2002, as a minority government struggles to pass its 2027 budget. This episode asks what France must show lenders to bring that yield down, and whether any party can win next spring’s presidential election promising it. For more, read my essay at www.wernermouton.com.

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    4 分