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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (12431)	7/21/2011 12:22:24 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24237

"The Energy Department will deliver about 7.7 million barrels of crude oil from the U.S. Strategic Petroleum Reserve in July, according to a notice on its website. The rest of the 30.64 million-barrel release will be delivered in August. "..... “Barrels are going to other countries because of the Brent premium,” said Kyle Cooper, director of research for IAF Advisors in Houston. “If you are a refiner who can get your hands on WTI, you are going to process it because the margins are out of sight. The crack spread is wide enough that you will do well even with more expensive grades.” bloomberg.com.