Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: joefromspringfield who wrote (6258)	8/19/2011 6:56:12 PM
From: marc ultra	2 Recommendations Respond to of 10065

< I think the reason European oil is so much higher than WTI is the conflict in Libya." That's a factor and I believe the largest reason for the gap may be WTI is stored in Cushing OK and the storage containers are basically full so it is depressing the relative price. While it's probably not cost effective and the oil is different, I believe the idea of some kind of big oil exchange between the US and Saudi has been proposed by some to close the gap. Here's a discussion I found that that goes into great detail econbrowser.com While it looks like Libya is wrapping up I've just seen a major oil analyst claiming it could take 3 years for it to return to full output and it may take time to get anything significant out. That said, the market will know that supply will return and there won't be sanctions so there could be a positive impact.