Bent crude tops 60 a barrel
Not sure it's a technical issue but, with Bent crude on the rise, pump prices will surely climb as well making it more expensive to enjoy our pastime of RVing. We may be back to conservative measur...
Forum Discussion
Between the USA and Australia there is enough fracking crude reserves to flood the market for decades. Brent is designated as a sweet fuel which is the opposite of Odessa stickum. It's the season in Europe to stockpile. And handling crude ain't cheap. Loading transporting and unloading via supertanker. Refineries also undergo maintenance called process unit turnarounds. They get an enema before shutting down to clean out pitch, asphalt and other heavy ends. Venezuela was a big supplier of of petroleum ex-lax in the form of very light sweet Lagomar crude. Now the USA has home-grown fracked sweet stuff.
But consumers can't get complacent and start putting pressure on the API and its cohorts to lower prices. The big enemy is government who would love to see sky high taxable pump prices. Secondly, bite big oil's ankles and suddenly there will be sixteen ongoing plant upsets (a shurnuff coincidence) which will leave refined product in short supply.
The oil pipeline is a real ##### to tweak. Shipments are purchased as much as a year in advance, supertankers, pipelines and ports all do the ballet to keep the dance going. A downturn in the economy is the gold plated monkey wrench that can cause hair loss and 10th story suicides in the commodities markets.
So, shove a tumbler of Everclear down the bar at Mr. Brent and relax.
But consumers can't get complacent and start putting pressure on the API and its cohorts to lower prices. The big enemy is government who would love to see sky high taxable pump prices. Secondly, bite big oil's ankles and suddenly there will be sixteen ongoing plant upsets (a shurnuff coincidence) which will leave refined product in short supply.
The oil pipeline is a real ##### to tweak. Shipments are purchased as much as a year in advance, supertankers, pipelines and ports all do the ballet to keep the dance going. A downturn in the economy is the gold plated monkey wrench that can cause hair loss and 10th story suicides in the commodities markets.
So, shove a tumbler of Everclear down the bar at Mr. Brent and relax.
