Huh, this is something that our ‘tin-foil’ colleges haven’t gotten around to yet. In the meantime the only factors I can think of are transportation costs and regional political expectations. Anyone else have ideas?
oil is less fungible than previously thought...at least right now
Ib4tct (...the conspiracy theorists).
LA Sweet is selling for 110/barrel. The Texas stuff is, well, crude.
What bothers me is that when a spread develops that’s sufficient size enough to be exploited for profit, it will be. Problem here is the side to be resolved is the downside, and once it is we can expect gasoline from WTI refineries to move up to get in line with the coasts, meaning higher prices for us all.