Barrel of Oil Equivalent

One goal of the RBN blogosphere is to provide clarity to a highly intricate, interwoven energy complex.  Today we are going to tackle an aspect of energy markets that has vexed us for some time.  We’re going to explore some of the big numbers that are used to measure energy markets, what they mean to the oil patch (Cowtown, a.k.a., Fort Worth here in Texas is a good example of that) and to each of us as energy users.  So put on your thinking cap and tell your colleagues to leave you alone for five minutes.  We’re going to expand our minds.