Friday, May 14, 2010

Barrons: Platts Publishes First Daily Spot Price for Bakken Crude Oil

From a Platts press release:  "Beginning today, U.S. Midwest and Canadian oil producers, refiners, traders and other market observers can benefit from the launch of the first open-market spot price assessments of crude oil from the Bakken Shale formation stretching across central United States and parts of Canada."

For more information:  http://www.platts.com. This is a subscription site, and I had a devil of a time finding any useful information on the Bakken, but then I don't have a whole lot of time to search a "busy" site and I don't pay for subscriptions (yet). Maybe I should.

I know I'm wearing rose-colored glasses (or would they be oily-sheen-glasses) when it comes to the Bakken, but I am convinced that the Canadian oil sands and the Bakken shale are still bigger stories yet to be played out. Color me irrationally exuberant.

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