Category: Economy
A very informative look into domestic oil production and oil pricing in general .
“However, Midwest refineries are
generally designed to process light,
sweet oil, which means they can handle output from the Bakken but are not up to processing heavy oil from the sands.
Oil-sands crude needs to go to the Gulf Coast, where an army of sophisticated refineries are thirsty for heavy oil. All that is lacking is a pipeline to connect supply with demand, but at the moment there is no such pipe; thus, the supply glut at Cushing has discounted
heavy oil significantly. Western Canada
Select, the benchmark crude oil coming out of Canada’s oil sands, closed at US$ 74.73 per barrel on March 5, a 30% discount to WTI and a 40% discount to Brent. ”
HT/ Instapundit
Posted by John Galt
“War on Women” ? Could they be anymore lame ? Trayvon ? , caterpillers ? , war on women ? Anything BUT the economy , gas prices , bankrupcy , inflation , deficits …. you know … the things that really matter …
Posted by John Galt
More misleading “facts” from the experts in DC .
Might as well acknowledge the fact that EVERYTHING from this administration is about “the one’s” re-election and not about truth .
Posted by John Galt
YouViewed/National News 