Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
View Single Post
Old 02-23-2011, 01:04 PM   #2161
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $10049900
VARSITY
Quote:
Originally Posted by JimBaker488 View Post
Your behind the curve friend - spot crude has been over a c-note for a week or 2 now because Brent Crude (that's what they trade most over in London and other markets in those areas), has been over a 100 for a couple weeks and is over 110 right now !
Have you heard of Cushing, OK ? Well that's a hub for transporting and storing WTI, and they've run out of storage capacity so it's trading much lower than Brent, but Brent is what they use back East anyway to refine and produce gasoline and other petro products so people back East are really paying for the going/spot price of Brent.
But the big question is when will Obama and his tree-hugger buddies re-open
drilling in the Gulf of Mexico ? With the Middle East going up in flames, I think it's about time ?
Yes, I know that Brent's been over $100 for a while now.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 181,450
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.