Wednesday, March 2, 2016

Bakken-Brent Spread And US Crude Oil Imports -- March 2, 2016

Two connecting dots.

First, this from the weekly EIA report:
The Bakken crude oil spot price discount to Brent averaged $8 per barrel (b) in August 2015. It narrowed to average only $2/b in November 2015, and by January 2016 averaged $1.69/b (Figure 1). The narrower the spread between domestic and imported international crude, the more likely costal refineries will choose to run imported crudes rather than domestic supplies shipped via rail.
Second, from John Kemp's tweets earlier today:
US weekly crude oil imports were running at some of the highest rates in two years this past week. 
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Connecting Dots

Nursery Rhyme Rock, Wynona Carr

I was listening to that song when I was distinctly reminded of a "modern day" rockabilly singer, but I couldn't remember who that was.

This next video let me to her:

Finders Keepers, Wynona Carr

This is the rockabilly singer:

Finders Keepers, Tom Stormy Trio

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