etouffoir

  https://sonar21.com/refinery-configuration-matters-but-markets-matter-more/ https://etouffoir-blogspot-com.translate.goog/2026/07/la-configuration-de-la-raffinerie-son.html?_x_tr_sl=hl&_x_tr_tl=fr&_x_tr_hl=fr 30 July 2026 by Larry C. Johnson   Let me introduce you to my friend, Karl Miller. Karl Miller is a US energy-sector figure known primarily as a trader, investor, and distressed-asset specialist rather than a sell-side or think-tank “analyst” in the narrow sense. Per his own professional materials and a Risk.net profile: his career began on Wall Street in 1989 at Dean Witter Reynolds, then moved into futures and options trading at Copia in New York; he later worked in the energy arm of Électricité de France (EDF) and became a partner at NEAH Energy (sometimes styled NEAH Power/Global Energy). Karl has played a key role in educating me about the complexity of the oil industry and he had some comments on my last article. So here is his take: Larry, I enjoyed read...