WTI is the target for international malfeasance... or Another contrivance to debug; peak oil extortion. 1. peak oil internationalists want the relevent WTI price for USA, to be marginalized, imposing globalist government supplied benchmarks ( brent )to be imposed upon all domestic consumption.
But wisdom is that WTI counterprograms peak oil, because it reflects domestic trends in production, and accurately prices domestic production for domestic consumption. In the current debacle of oil price contrivance, brent pricing is imposed opportunisticly.
The USA will within a few short years reverse the momentum behind the current status quo......this trend will be reversed due to huge domestic production increases that make imported oil uncompetitive.
as the largest consumer of refined oil products, the internationals have forever complained about USA's absorption of too much of this scarce resource. Guess what? USA/Canada be in a position to decouple our demand, from thier supply relatively soon.
We'll be able to decouple from demanding any of thier production, from outside USA/Canada as the new decade unfolds.
Then the internationals will be left with the hope and prayer, that the customers for thier brand of peak oil extortion will evolve out of other areas, many of which are under the boots of oligarchic or other malfeasance, and unable to replace USA demand...greatly diminishing gross demand for high production cost commodity oil.
Counterprogramming Peak oil continues, you have a front row seat. watch the malfeasance, where mouthpieces are targeting WTI, as the obstacle to a globalist contrived price mechanism, under the control of intrntnls hegemony..
some indications of how to spot the sides of this argument are given below......po=peakoilist, cp counterprogrammer....
this dialog is going on throughout the blogusphere, we are collecting hundred of references to outputs from paid message board contributors as awareness of how important this seemingly benign subject carries far more weight than most understand.
PO>>>>>However, very many market participants would like the contract to reflect the demand/supply in a somewhat wider (geographical) perspective.
Would it be possible to specify an alternative delivery point, e.g. at the Gulf Coast?
CP Comments top information about WTI volumes is available to the market promptly, enabling investors to make sound judgments on the basis of accurate weekly information about supply and demand.
Yes, so accurate that total petroleum stock levels have been "adjusted" up by approximately an extra half a million barrels a day every single day this year - and yes these are cumulative additions. |
