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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: raybiese who wrote (157027)9/15/2011 8:15:20 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 206093
 
ray, great article, thanks for sharing it, its clear that the guy did a lot of work (and thinking) here. The game-playing with the Cushing-Gulf pipelines certainly has a lot to do with the large Brent/WTI spread but I believe he missed another even bigger factor, which is the Libyan oil being off the market. This has had a dramatic impact, pulling OECD inventories down to '08 levels in spite of the recent coordinated SPR release. For more discussion of this, see this guy's first link, which is to a recent TWIP report by the EIA.

If the EIA is right, as the Libyan oil slowly comes back into the market, we should see the large Brent/WTI spread narrow (by the Brent price coming down).



To: raybiese who wrote (157027)9/15/2011 12:28:28 PM
From: Bread Upon The Water1 Recommendation  Read Replies (1) | Respond to of 206093
 
Seems to me the SEC could get involved with this as well as the Justice Dept. from both a price fixing point of view and an anti-competitive point of view. You want to forward this email on to either one ?

Or maybe to DOE officials as well.


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