To meet the energy challenge requires the most important energy of all - human creativity. That's the real prize. - Daniel Yergin
While the carnage in the May WTI contract garnered no shortage of media and Twitter attention, unpacking what happened is instructive on several levels. For those who missed the action on April 20, I’ll set this up for you. The May WTI contract was set to expire on April 21, after which the June contract would be considered the front-month contract. Typically, most large exchange-traded products (ETPs), as well as institutions that track