Rockdoc Franz wrote: And therein coupled with throwing money around like a drunken sailor and our thirst for oil is where the crux of the problem lies.
doc, that is an insult to drunken sailors and I am a subject matter expert. :Whistle When a sailor spends more than he has he ends up beat up, or in jail or at captains mast and loses his security clearance. If he keeps it up, he ends up a civilian.
Humble apologies you drunken bum. lol I'm no expert, so good to have your expert insight. Can't explain the cross over. Speculation has always been part of the oil-gas market, so I tend to dismiss it as a reason. There are no new taxes right? Are we looking at retail prices vs the cost of gas from refineries? Could there be a retail increase in profit taking?
More info on gas and oil prices. It has something to do with different types of oil apparently.
Also talks about the proposed pipeline effects.
If you’re expecting gasoline prices to soon reflect the 11% decline seen in New York-traded oil since the start of the summer-driving season, don’t hold your breath — because Brent crude prices have a bigger sway.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Reading that sounds like a bunch of gobldi gook. Lots of disjointed information that is not synthesized into anything coherent. None of it really addresses the real issue. It talks about using a different oil for a bench mark based on what someone perceives is a more real value for the price of crude. This is artificial, not reality. Different kinds of crude do affect refining, but that is not what is being discussed here or even considered. Then there is the offshoot on Libya, something that has no impact on US refining or oil acquisition. Frankly, I think this is an artificial propping up by speculation and it is done so under the guise of a different bench mark.
