Tuesday, March 24, 2015

Spot Price For Bakken Crude Oil -- March 24, 2015

Updates

March 25, 2015: down at the bottom of this post I mentioned that only a psychiatrist could explain Obama's "thinking." I wasn't too far off: it took a neurosurgeon

Original Post

A reader asked if I had a link for Bakken crude oil spot price. This was my reply:

Unfortunately I don't have a specific Bakken crude oil price link.

The best is probably PAA: http://www.paalp.com/customer-center/crude-oil-price-bulletins-1363.html. At that site, the current rate is effective March 23, 2015.

In the "old days," Clearbrook spot price was the Bakken price and Bloomberg published it for free. I linked it for quite some time. Then Bloomberg took the Clearbrook crude oil down from its "free" site and required a subscription -- which, of course, was very, very expensive.

Even the link below (SemGroup/Rose Rock) used to include Bakken but no longer does -- I think part of the reason SemGroup does not include Bakken is because Bakken crude goes to so many different locations; there is no central location for pricing.

The best I can suggest is:
  • search Clearbrook and you might find something
  • I doubt the spot price has changed much from most recent Director's Cut -- the Director's Cut provides "today's" price and that was only two weeks ago
  • finally, I doubt Bakken crude is much different than Kansas Sweet, which can be found at this site: SemGroup/Rose Rock.
Maybe a reader has a link?

The drop in the price of crude oil started to drop in October, 2014. I assume Bakken operators were protected by hedges through April, 2015 (six months) but after June, 2015, my hunch is that some of that protection will be lost.

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Global Warming
Climate Change
Ice Age Now

New England experiencing most cold March since 1984.

Flights grounded at O'Hare due to snow -- it is spring, isn't it?

Lake Ontario frozen over.

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The Orwellian Presidency

Under Mr. Obama, friends are enemies, denial is wisdom, capitulation is victory. Orwell would have understood the president's upside-down thinking.
No, Orwell would not have been able to understand Obama's thinking. A psychiatrist might be able to explain Obama's thinking, but not a novelist.
The humiliating denouement to America’s involvement in Yemen came over the weekend, when U.S. Special Forces were forced to evacuate a base from which they had operated against the local branch of al Qaeda. This is the same branch that claimed responsibility for the January attack on Charlie Hebdo and has long been considered to pose the most direct threat to Europe and the United States.
So who should Barack Obama be declaring war on in the Middle East other than the state of Israel?
There is an upside-down quality to this president’s world view. His administration is now on better terms with Iran—whose Houthi proxies, with the slogan “God is great, death to America, death to Israel, damn the Jews, power to Islam,” just deposed Yemen’s legitimate president—than it is with Israel.
He claims we are winning the war against Islamic State even as the group continues to extend its reach into Libya, Yemen and Nigeria.
He treats Republicans in the Senate as an enemy when it comes to the Iranian nuclear negotiations, while treating the Russian foreign ministry as a diplomatic partner. He favors the moral legitimacy of the United Nations Security Council to that of the U.S. Congress. He is facilitating Bashar Assad’s war on his own people by targeting ISIS so the Syrian dictator can train his fire on our ostensible allies in the Free Syrian Army.
He was prepared to embrace a Muslim Brother as president of Egypt but maintains an arm’s-length relationship with his popular pro-American successor.
He has no problem keeping company with Al Sharpton and tagging an American police department as comprehensively racist but is nothing if not adamant that the words “Islamic” and “terrorism” must on no account ever be conjoined.
The deeper that Russian forces advance into Ukraine, the more they violate cease-fires, the weaker the Kiev government becomes, the more insistent he is that his response to Russia is working.
To adapt George Orwell’s motto for Oceania: Under Mr. Obama, friends are enemies, denial is wisdom, capitulation is victory.
Perhaps better said, America's enemies are Mr Obama's friends. Remember: everything one learns about life is learned by the time one graduates from kindergarten. He may have been born in Hawaii, but he was certainly not raised there.

2 comments:

  1. "He may have been born in Hawaii, but he was certainly not raised there."
    I have been say this for years. One of the main things I have against his world view is that, to me, he is the first POTUS to have been raised in an international setting that has not been US friendly (Indonesia being one of the biggest Muslim countries in the world) He got none of his core learning from the US, but rather from his radical mom, outside of the country. It's really not that surprising he doesn't like America IMHO

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    Replies
    1. What amazes me is how so many folks don't understand this -- something so simple in the big scheme of things. Thank you for taking time to write.

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