Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> PETROLEUM Latest News

FEB 13, 2013 - Zero Hedge

A Must Read - Share

Guest Post: Explaining The WTI-Brent Spread Divergence

Submitted by John Aziz of Azizonomics, Something totally bizarre has happened in the last three years. Oil in America has become much, much cheaper than oil in Europe. Oil in America is now almost $30 cheaper than oil in Europe. This graph is the elephant in the room: And this graph shows how truly historic a move this has been: Why? The ostensible reason for this is oversupply in America. That’s right — American oil companies have supposedly been producing much, much more than they can sell: This is hilarious if prices weren`t so damn high, but despite a robust export market ... Read More

Tags: Guest Post: Explaining The WTI-Brent Spread Divergence,  Petroleum Latest News