Where finance and media intersect with reality.

Important note to annual subscribers!

To all my highly appreciated annual subscribers who are still signed up on WordPress, This is a quick note to say thank you for your continued custom. Dario and I really do appreciate it. As previously noted, The Blind Spot is in the process of migrating to Substack full-time. While I am still copying key […]

Parlez-vous oil trader?

Everyone’s suddenly talking about backwardation, physical differentials and time-spreads. But what do any of these terms really mean? And why do they matter?