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POPSOil Price Fundamentals James D. Hamilton. professor of economics at the University of California, San Diego, lays out on his blog why he thinks fundamentals not speculation are driving oil prices now. There is a useful look at the usually overlooked new supply side of the supply and demand balance, plus a robust discussion on Hamilton's point of view.
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POPSU.S. Biofuel Subsidies Goose Commodities Markets With oil futures approaching $100 a barell. biofuels are helping push world commodities markets to record levels. This paper from the Global Subsidies Institute takes a hard look at the astronomical level of subsidies that the U.S. government is pushing into biofuels development.
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POPSOil Burden An answer to why high oil prices haven't led to a 1970's style recession.