Price of Bakken Oil -- Depends Where They Sell It -- The Bakken, North Dakota, USA

Elsewhere they're talking about the price of Bakken oil but the police lady will put a stop to that, by golly. She must have missed the Dale Carnegie course somewhere along the way. Zman is probably the most knowledgeable investor regarding the Bakken and he's being asked to leave. Well, there you have it, by golly. Go get 'em, Dufus.

The price "they" get for Bakken oil depends on where it is sold. Right now, Bakken that makes it by rail to Louisiana can be sold as Louisiana sweet oil which is selling at a premium to WTI. 

• Louisiana sweet crude spot price today (Bloomberg): $109.57.
• North Dakota sweet (Bakken) spot price yesterday, 11-27-11: $74.93 (SemCrude).

I'm told it costs about $10/bbl to ship Bakken oil by rail to the Louisiana coast. Others can do the math.

Just think, this information might have been provided had Dufus not cut off the discussion.

By the way, the spot price for oil is linked at "Data Links."