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And don't miss Liam Denning on how oil demand responds to prices: "It's easy to think that drivers drive, come what may; if you need to go get groceries, you go get groceries, whether you're burning fuel that costs $2 or $4 a gallon. But data compiled by ClearView Energy Partners, a research firm based in Washington, suggest that isn't necessarily the case -- and not just in the U.S."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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