drz-400
DP Veteran
- Joined
- Oct 12, 2009
- Messages
- 2,357
- Reaction score
- 551
- Location
- North Dakota
- Gender
- Male
- Political Leaning
- Conservative
Oil companies worried? Hardly.
The oil companies are jumping for joy. Record profits, here they come.
On a side note I read an excellent article the other day about just that happening, only believe it or not it was for the US EXPORTING its oil to foreign countries in need of oil.
The Oil Drum | Why are WTI and Brent Oil Prices so Different?
Econbrowser: Brent-WTI spread
Also, IMO a very good analysis of the current situation in libya can be found here if anyone is interested:
Econbrowser: Libya, oil prices, and the economic outlook