We've been talking about this for the last couple of days, but this is a very nice analysis of the collapse in price of the price of Bakken oil. A big "thank you" to "anon 1" for the link.
I believe I recently posted my thoughts of the ramification of this collapse.
In the Twin Cities, MN unleaded is up at least twenty-cents since my last fill two weeks ago.
ReplyDeleteI noticed the benchmark WTI (West Texas Intermediate). Sometimes I have an "elephants memory" but I used to recall "Texas Light Sweet Crude). It makes you wonder is WTI is like the Saudi "Special Blend".